Did you know that a standard homeowners insurance policy includes these coverages?
While you might assume that a basic or standard home insurance policy only offers minimal coverage, in actuality, these policies provide a comprehensive array of coverages. Here’s a closer look at the surprising coverages that your “basic” policy has to offer:
Personal Liability Coverage
In addition to coverage for the physical damages your home and personal belongings might sustain, your home insurance policy also offers coverage for personal liability issues. This coverage kicks in when someone injures themselves on your property, or when someone in your household accidentally causes injuries or damages to another party.
Medical Expenses Coverage
This coverage is an offshoot of your personal liability coverage. Medical expenses coverage is a portion of your homeowners insurance policy specifically designated to cover the medical costs incurred by guests who get injured on your property.
Loss of Use Coverage
Finally, if your home sustains major damages that cause it to be temporarily uninhabitable, your homeowners insurance policy has your back with loss of use coverage. This coverage can be used to pay the costs of temporarily living elsewhere while your home undergoes repairs. This portion of your home insurance will cover things like hotel stays, restaurant bills, and so on.
These are some of the surprising coverages included in your standard homeowners insurance policy. Do you have additional questions regarding the coverages included in your home insurance? If so, contact an insurance professional at Westwood Insurance Agency for assistance today.