What does home insurance cover?

Question

What does home insurance cover?

Answer 1

Home insurance covers muchmore than just the home.  It also covers accidents in and around your property.  It's broken down into several categories, like property damage, liability, etc.  The best thing to do if you have a specific wuestion as to a claim you may have or what may be covered specifically in reference to what you need is to call your insurance agent.  Each policy and each company underwriting the policy has different coverage schedules.

Answer 2

THat's the million dollar question!  There are about 6 common, standard forms.  Which form?  Then, in some states, (TX comes immediately to mind!) the standard forms aren't used.

Of course, the standard form can then be MODIFIED by one or more of several HUNDRED endorsements available.

So what one policy covers can be drastically different than what a second policy covers.  That's why it's important to have a local agent, you can talk to, to explain what YOUR home insurance covers.  

There are literally a thousand - or more - possibilities - and not enough room to type all the "ifs" and "buts" in here.

Answer 3

Basically the building and the contents. Every policy is a little different.

Answer 4

That's a good question. Policies vary widely from company to company and from state to state, so you should talk to a local agent about your specific questions.

In very general terms, homeowners policies include two basic types of coverage: coverage for your property, and coverage for other people.

Coverage for your property includes the house itself, including any attached structures (such as a garage); any detached structures (such as a detached garage or shed); and your personal possessions (clothes, furniture, electronics, etc.). There are a number of additional coverages, depending on your company, such as coverage for trees and shrubs, additional living expenses if you must live somewhere else while your home is being repaired, and so on.

Coverage for other people pays when you are legally liable for injury to someone else, or for damage to their property. For example, it will pay their bills if someone is on your property and slips on your steps, or if your dog bites them. It also includes medical payments for immediate first aid.

This is a short summary, but the variations are endless. Insurance is regulated by state, so please consult an agent in your home state to determine the best option for you.

Answer 5

I guess this site which i recently found on the internet can help you with such matters. They also cover auto and home insurances.

Answer 6

That is more of a company-specific question....

Email me if you have specific questions