What Is Covered Under a Home Insurance Policy?

In the event that your home or property is damaged or destroyed, homeowners insurance will provide you with financial protection. Homeowners insurance will also come in handy in the event that you or a family member are held liable for damage to the property of another person or the injury of another person. The vast majority of mortgage lenders in Lees Summit, MO require homeowners to have a home insurance policy like that offered by Epic Insurance.

What Is Covered Under a Home Insurance Policy?

The vast majority of home insurance policies will cover damage incurred by vandalism, theft, fire, lightning, windstorms, hail, and other perils. Certain homeowners policies cover more perils that are typically excluded, such as earthquakes and floods. You have the option of purchasing supplemental insurance for perils that aren’t covered.

What Do Most Home Insurance Policies Provide?

  • Dwelling coverage – In the event that your home is damaged or destroyed, dwelling coverage will pay to rebuild or repair your home. This includes heating and air conditioning, electrical wiring, and plumbing. The damage or destruction has to be the result of a cause of loss that is covered.
  • Other structures coverage – Other structures coverage will pay for damages to fences, garages, cottages, sheds, and other detached structures.
  • Personal property coverage –  This coverage will reimburse you for any personal items in your home that have been damaged or destroyed by a cause of loss that is covered. Some examples of personal items include electronics, furniture, sporting goods, and clothes.
  • Loss of use coverage – While your home is being restored, loss of use coverage will pay for your living expenses and additional housing.

For more information about what is covered under a home insurance policy in Lees Summit, MO, feel free to reach out to us here at Epic Insurance.