McClain Matthews Insurance Blog
Homeowners insurance protects you against the loss of your home and the financial burden of unexpected events such as a fire, flood, or earthquake.
This policy includes repairing your house & other structures, replacing your personal belongings, and covering personal liability if you are responsible for any damage or injury.
It might sound like a simple concept, but there is a lot to uncover about this topic. This article will provide further detail for you to understand what Home Insurance is all about.
More About Coverage
Another form of property insurance is homeowners insurance that provides either property protection coverage or liability coverage for property owners. The coverage policies are as follows:
First up is Dwelling protection, which pays to repair or rebuild your home if it is damaged or destroyed by fire, hurricane, hail, lightning, or other disasters specified in your policy. It can also give financial aid to any structures attached to your home.
Other Structure Protection
This policy helps pay to repair or replace structures separate from your home, including property within the area you own, such as a fence or detached garage.
Personal Property Protection
A policy under home insurance that aims to help you replace or repair any belongings that have been destroyed by a risk covered in your plan. In addition to that, this policy may also provide coverage for personal belongings.
This policy refers to a legal agreement that protects you from lawsuits for bodily injury, mental injury, emotional distress, or property damage that you or your family members cause to other people.
It's meant to cover the cost of your medical expenses and personal injuries. Still, it might also include a rider that covers you against lawsuits for mental injury or emotional distress.
Additional Living Expense
Let’s say your home was destroyed in a flash flood. This policy will pay for any expense made, like hotel stays and restaurant meals, until your home is repaired and livable.
You may also be able to purchase additional coverages for greater protection. However, not all disasters are covered by homeowners insurance. You can purchase separate policies to help protect your home and belongings against those types of risks.
At McClain Matthews Insurance, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays, and we're here to help you out. Learn more about our products and services by calling our agency at (317) 298-7500. You can also request a free quote by CLICKING HERE. Coverage discussed in this article is not guaranteed. Please contact our agents to find out information about your specific policy. We are happy to help you obtain the coverage you need!
10/4/2022 06:30:45 pm
I like the tip that you gave that having property insurance could help shoulder the costs of property damages. My wife told me the other day that she was planning to have a home insurance plan that covers liability for any property damages. She asked if I had any idea what could be the best option in choosing the best plan for us. Thanks to this informative article. I'll be sure to consult a trusted home insurance company as they can provide more information for the best coverage for us.
10/6/2022 10:10:21 am
Thank you for your reply. We believe at McClain Matthews it is important to help simplify and explain what coverage are needed.
10/5/2022 04:30:13 pm
Thanks so much for talking about the different things that home insurance can cover. My sister and her husband just bought their first house and they don't know what insurance to get for it. We've been looking into finding a place that will help them through the process and make sure they pick insurance that's right for them.
10/6/2022 10:16:50 am
Thank you for your positive feedback to our blog. We feel at McClain Matthews it is our responsibility to help educate and help navigate our customers through the complexities of the different insurance products in the market place. We are always happy help anyone customer or not get through it all.
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McClain Matthews Insurance
6329 Hollister Drive
Indianapolis, IN 46224
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