What Is Covered By Standard Home Insurance?

​Home Insurance provides homeowners financial protection against loss due to fire, disasters, accidents, and even theft. Standard home insurance policies include four essential types of coverage: Coverage for the home, Coverage for personal belongings, Liability protection, and Coverage for additional living expenses.

Coverage for the structure of your home
The standard home insurance policy pays the repair or rebuilds the house destroyed by fire, lighting or other damages listed in your plan. You can also get policies that cover detached structures such as gazebo or garage – which is generally about 10 percent of the cost of insurance of the house. 

Coverage for your personal belongings
Your standard home insurance policy covers your clothes, sports equipment, furniture, and other personal items if they are destroyed by fire or stolen, damaged by insured disasters, or by the hurricane. The insurance policy usually covers 50 to 70 percent of the cost of the insurance of the structure of the house. The coverage for personal belongings usually includes items off-premises which means it covers wherever part of the world you are staying.

Liability protection
Liability protection covers you from lawsuits for property damage or bodily injury that you cause to other persons. It also includes for damage caused by members of the house, including pets. Which means that if your son, daughter or dog accidentally destroyed the expensive rug of your neighbor, it is insured. Your insurance policy also gives no-fault medical coverage, which means if a neighbor or a friend is living in your home, your insurance company will shoulder the cost of his or her medical bills.

Additional living expenses
A disaster that damages your home, your insurance policy will pay the cost of your additional living expenses when you leave the house due to the damage of your home from an insured disaster. Your insurance policy will cover the hotel bills, meal expenses, and your insurance company should reimburse every amount of money you spent outside your home while your house is under repair.

As a homeowner, it’s essential for you to know what’s covered by standard home insurance. The said insurance policy doesn’t include the damage caused by earthquake, war, flood or wear and tear.

At Cornerstone Insurance Agency, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (888) 661-8831. Get your free quote today by CLICKING HERE.