Homeowner Insurance Types & Coverage
Depending on which state you live in, your standard homeowner's insurance policy may or may not cover all of the types of damage your home has the potential of encountering. In addition, not every insurance policy will cover your personal effects in the event they are damaged or stolen.
Dwelling Coverage
Coverage for your dwelling includes protection to replace the home or damaged portions of it if it is destroyed by most of the mundane or typical issues that may come about such as:
- Fire
- Windstorm or Hail
- Explosions
- Weight of ice or snow
- Damage caused by vehicles or aircraft
Check your policy for specifics on which disasters or issues are covered. Other items may be covered under your policy or have to be purchased separately in a policy or as a rider to your standard homeowner's insurance policy. These include:
- Flood
- Earthquakes
- Tornados
- Mudslide
- Wars
- Electrical Equipment
Personal Property Coverage
There may be limitations (or no coverage at all) on your policy for the personal items in your home if they are damaged one way or the other. For example, if a tree falls down in the storm and crashes through your roof and destroys your $2,000 plasma TV, your insurance will pay for the damage to the house, but who's going to replace the television? Personal property insurance may be sold separately from your homeowner's insurance policy, or added to it in coverage amounts that you specify. If you have any questions about homeowners insurance, please check the frequently asked questions for answers.