The Specifics Of A Home Insurance Policy

​Homeowners are protected by the policies included in each policy package. Injuries and property damage to others caused by household members may be covered, including pet damage. However, in certain catastrophes, coverage and benefits may vary. There are four main categories of protection that should be included in a standard homeowners insurance policy.

Three Essential Types of Home Coverage

1. Home Structure Insurance
   Dwelling insurance also called "home structure insurance," helps protect the walls and roof of your home. It can also cover something like a garage that is attached to your house.
   
   Most homeowner's insurance policies don't cover damage to your home caused by flooding or earthquakes. But they may help cover many other losses, such as fire and smoke, lightning, wind, hail, theft, and vandalism.
   
   
2. Personal Belongings Coverage
   Personal items like furniture, clothes, and sports gear are covered if stolen or destroyed by a covered disaster. Most companies cover 50-70% of structure insurance. This policy section covers away-from-home incidents, meaning things are covered wherever they are unless the policyholder chooses not to cover them away from home. 
   
   Stolen jewelry, furs, and silverware are covered up to a certain amount. People can buy a personal property endorsement or floater to cover the item's full value.
   
   Standard homeowners insurance covers trees, plants, and shrubs up to $500 each. Theft, fire, lightning, explosions, vandalism, and riots typically have coverage in this policy as well.
   
   
3. Liability Insurance
   Liability insurance protects policyholders and their families from lawsuits for injuries or damage to other people's property. The policy's liability part might pay for court costs and awards up to the policy limit. The average limit on liability is $100,000. An umbrella or excess liability policy can cover more, like libel and slander claims, and pays out more if someone sues you.

Conclusion
Having enough homeowner's insurance is the best way to protect yourself from something unexpected that could cost you a lot of money. One way to protect your property is to take care of it and make it less likely to get broken or stolen.

At Priority Insurance LLC​, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (864) 297-9744. Get your free quote today by CLICKING HERE. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!