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What is Homeowners Insurance and what does it cover?

Public Adjuster Palm Beach


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.

  • Dwelling coverage can be the funds used repair or rebuild your home if it is damaged by a loss covered by your policy
  • Personal property coverage can be paid to the insured for any personal items in your home that are damaged by a covered loss. These things can include furniture, clothes and electronics.
  • Loss of use coverage can pay for an additional living expenses (ALE) in the event that you may have to relocate temporarily while the repairs on your home are being done.
  • Other structure coverage can pay for covered damages to structures that are not attached to the home. Such as garages, sheds and fences that are on your property.
  • Personal liability coverage is liability coverage that can help the insured in the case that there is a lawsuit against said insured or a member of your household that is responsible for causing any type of bodily harm or property damage.

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.

With 29 years of Adjusting experience, Craig Drillich established Property Damage Consultants in 2002. After working on behalf of the insurance companies for twelve years and tired of seeing the injustice being done to the property owners, Craig Drillich, President of the Board of Directors of the Florida Association of Public Insurance Adjusters (FAPIA), became a consumer advocate as an all lines licensed Public Adjuster and Appraiser.

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