Understanding Your Homeowners Insurance Coverage
When it comes to insuring the home of your dreams to the fullest, you must hold the right homeowners insurance policy that has been customized to meet your unique needs. However, purchasing the policy is not enough, as you must understand your policy in detail in order to be adequately protected. How can you feel confident about your security if you have no idea what incidents are excluded from coverage and what accidents are covered? Gathered is a list of homeowners insurance coverage options to guide your quest to confirm adequate protection:
- Coverage A – Dwelling: This coverage will help you repair or rebuild your home should a covered loss occur. Covered losses include fire, vandalism, heavy winds, etc. Dwelling coverage does not cover earthquakes and floods.
- Coverage B – Other Structures: Detached properties, such as a barn or detached garage are protected under Coverage B from covered losses.
- Coverage C – Personal Property: This coverage provides your personal possessions with a defined dollar limit of coverage. In order to receive extra coverage, you will need to have your items scheduled and obtain scheduled personal property coverage.
- Coverage D – Additional Living Expenses: Your homeowners insurance policy will come with a set policy limit for additional living expenses should you be forced out of your home after a covered loss. This means you will be able to live in a temporary location while your home is repaired or rebuilt.
- Coverage E – Personal Liability: As lawsuits continue to be a heavy influence in todayâ's world, you must hold liability protection. This policy will provide you with a set policy limit for liability concerns, including coverage for legal costs and liability judgments should a lawsuit arise.
Contact Cook, Disharoon & Greathouse, Inc., in Oakland for all of your Northern CaliforniaÂ
homeownerâ's insurance needs. Allow us to provide you with the protection you deserve in the comfort of your home.
