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hat Does the Average Homeowner’s Insurance Policy Cover?

At The Morgan Law Group P.A., our in Florida, Louisiana, Mississippi and Puerto Rico insurance claims attorneys know that homeowner’s insurance is something that nearly all property owners pay for, yet often are not sure what is included in their coverage.

According to the Insurance Information Institute, homeowner’s insurance policies often contain standard coverage for the policyholder’s:

  • Dwelling
  • Other Structures on the Property
  • Personal Property
  • Liability Protection
  • Additional Living Expenses

Here is what is typically protected within those categories.

Homeowner’s Insurance Dwelling Protection

Dwelling protection covers your home from foundation to the roof, including the walls, siding, brick, and windows.

It may also cover other structures attached to the house, including a deck, patio, or garage.

Homeowner’s Insurance Other Structures Protection

In addition to the actual dwelling, homeowner’s insurance policies often cover other structures on your property, which could include sheds, fences, and detached garages.

Homeowner’s Insurance Personal Property Protection

One of the important pieces of a homeowner’s insurance policy is coverage for the personal property inside the home.

If there is a fire or a break-in, and all is damaged or stolen, personal property protection is designed to cover repair and replacement costs for those items, including furniture, housewares, and clothing.

Other valuables, including jewelry or artwork that exceeds your coverage limits, may require the purchase of extended coverage in case of loss.

Homeowner’s Insurance Liability Protection

Homeowner’s insurance includes liability coverage for visitors and guests — who do not live on the premises — and are injured while on the property.

If someone is hurt on your property — potentially tripping over a hazard or stumbling over a broken stair — your homeowner’s liability protection may help pay for the injured person’s medical bills and any legal costs associated with them pursuing your coverage for financial recovery.

Homeowner’s Insurance Additional Living Expenses

Additional living expenses cover the costs of living away from home if the sustained damage to your property precludes you from staying there.

This is often true with fires, hurricanes, or other devastating losses.

The coverage provides living expenses for hotel stays, meals, or other expenses incurred while away from the home.

Check your homeowner’s insurance to understand your policy’s limits, as some include time constraints, although the limitations should not affect the total cost of rebuilding your home.

Purchasing Additional Protection for Your Homeowner’s Insurance Policy

Each home, its additional structures, and personal property is different, and some require greater protection than others.

Likewise, most will cover damages from fire, lightning, wind, and hail, but not all include coverage for hurricanes or flooding.

Check your policy closely to ensure your property is fully covered. If your home, property, or other belongings require more coverage than you currently have, consider purchasing separate insurance policies to help protect your home and belongings against those types of risks.

Contact The Morgan Law Group Insurance Claims Attorneys In Miami, Florida Today

If you have questions about what type of protection your insurance coverage provides, contact our Florida, Louisiana, Mississippi, or Puerto Rico insurance claims attorneys at The Morgan Law Group by calling 888-904-2524 today.