When reading a home owner’s insurance policy, a lot of the wording might be a little confusing and you might not know exactly what your homeowner’s policy covers.
Homeowner’s insurance is a kind of property insurance that covers damages to the insured’s house and contents inside. It also provides liability coverage for accidents that may happen in the home or on the property. A homeowner’s insurance policy can cover damage caused by hail, lightening, fire, windstorms and vandalism. In many cases damage that has been caused by floods and earthquakes are excluded. Optional coverage and policies are available to cover these other types of losses.
There are different types of homeowner’s coverage: dwelling, personal property, Loss of use, other structure coverage and personal liability.
The amount of coverage is different for each individual policyholder and there are also additional coverages that you can add to your policy. Knowing and understanding these terms in your policy and also having the assistance of a professional public property adjuster, handling and resolving your claim should be no problem.