Understanding The Coverage Of Your Home Insurance

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:

Dwelling Protection
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.

Liability Protection
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.

Conclusion
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!