Trouble understanding Homeowners Insurance? We’ve got you covered with a breakdown of what your policy actually covers.
Check out our guide below for proactive steps to take to protect your home.
Questions? Reach out to one of our knowledgeable insurance agents. We’re eager to set you up with the right coverage and rate!
Understanding the Major Parts of a Homeowners Policy
Your home is likely one of your biggest investments, yet many homeowners aren’t fully sure what their insurance policy actually covers.
Understanding the major parts of your homeowner’s policy can help you feel more confident and prepared.
Dwelling Coverage
Dwelling coverage helps protect the physical structure of your home, including:
- Walls
- Roof
- Floors
- Built-in appliances
This coverage is designed to help repair or rebuild your home after a covered loss.
Personal Property Coverage
Personal property coverage helps protect your belongings, such as:
- Furniture
- Clothing
- Electronics
- Appliances
Some high-value items, like jewelry or collectibles, may have coverage limits and may require additional protection.
Personal Liability Coverage
Liability coverage can help protect you financially if someone is injured on your property or if you accidentally cause damage to someone else’s property.
This coverage may help pay for:
- Medical expenses
- Legal fees
- Settlements
Loss of Use Coverage
If your home becomes unlivable after a covered claim, loss of use coverage may help pay for temporary living expenses such as:
- Hotel stays
- Temporary rentals
- Additional food expenses
What Homeowners Insurance Typically Does NOT Cover
Many homeowners are surprised to learn that standard homeowners’ policies generally do not cover:
- Flood damage
- Normal wear and tear
- Maintenance issues
Additional policies or endorsements may be needed for certain risks.
Homeowners insurance is designed to help protect both your home and your financial future. Reviewing your policy regularly can help ensure your coverage still matches your needs.
If you have questions about your homeowner’s policy, our team at Cornerstone Insurance Agency LLC is here to help explain your options and provide guidance.
This article is for informational purposes only. You should not act based on this information without first consulting with your insurance agent; if you would like a quote from a Cornerstone Insurance Agency licensed agent, contact us. We disclaim all liability for actions taken or not taken by you based on the contents of this article which is provided “as is.” Cornerstone makes no representation that this content is error-free.