What’s Covered in a Standard Homeowners Insurance Policy?

Homeowners insurance may help prevent financial losses if your home and belongings are stolen or damaged due to covered perils like fire, windstorm and vandalism. It’s vital to know what a standard policy covers and what it excludes so you can better understand your coverage options and make informed decisions when purchasing a policy.

What Does Homeowners Insurance Cover?

Homeowners insurance typically covers several unexpected events, including the following:

• Fire and smoke damage

• Windstorms, tornadoes and hailstorms

• Burglary, theft and vandalism

• Water damage from burst pipes, accidental overflows or appliance malfunctions

• Falling objects like tree branches or debris

You can customize your policy to address specific needs. When selecting coverage types, consider your location, property value, rebuilding costs and liability risks. Most standard policies already include coverage for the following:

• Dwelling coverage may pay for repair or rebuilding expenses if your home is damaged by events such as fire, hail or lightning, as specified in the policy.

• Personal property coverage may cover your personal belongings, such as clothing, furniture and sports equipment if they are stolen or damaged by a covered loss.

• Liability protection may reimburse damages and legal fees if you or your family members cause injury or property damage to others.

• Additional living expenses coverage may provide financial assistance if you need to relocate temporarily while your home is being repaired due to a covered loss.

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Secure the best financial protection from Cavender Insurance Agency, conveniently located near you. Contact us today and learn how we’ve helped homeowners in San Antonio, Texas, find their ideal policies.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.