Homeowners insurance protects your home and personal property from various perils.
Liability and Loss of Use coverage are also included in homeowners insurance.
- Dwelling coverage pays for damage to your house or any unattached structures. Some of the most common perils homeowners insurance protects you from are fire, theft, water damage and windstorm.
- Personal Property coverage protects your contents, including furniture, appliances, or general personal belongings.
- Liability coverage protects you if you are sued and found legally responsible for the bodily injury caused to others or property damage.
- Loss of Use coverage pays for additional living expenses during the time your home is being repaired at the time of a claim.
- Personal Property Replacement Cost protects your personal belongings and at the time of claim, without any depreciation. Replacement cost is essentially ‘new for old’, regardless of the condition of your personal property.