Learn what your homeowners policy covers.
While most homeowners have insurance, many do not understand just how far their coverage extends. While your homeowners policy covers your property and personal belongings from physical damage and theft, your coverage does not end there. Here are some of the surprising things that your policy covers.
Libel and Slander
In addition to protecting your physical property, your homeowners insurance also covers your personal liability. While this portion of your insurance is usually used to cover accidents on your property, it can also cover you if you are accused of libel or slander. Should a neighbor sue you for publishing or saying defamatory things about them, your homeowners policy will help cover your legal fees.
Your liability insurance can also cover you in the event that a pet-liability issue arises. For example, if your dog was to bite your neighbor, your homeowners insurance would cover their medical costs as well as the costs of a lawsuit should they decide to sue you. However, it’s important to keep in mind that you only have this coverage if your four-legged friend is explicitly covered by your policy. There are certain, “dangerous” breeds of dogs that many home insurers refuse to cover.
Additional Living Expenses
If your home is damaged and made temporarily uninhabitable, your homeowners insurance has you covered. Your policy will cover your additional living expenses, such as hotel and restaurant bills, that come from you having to live elsewhere while your home is being repaired. Be aware that this coverage might be limited. It’s important to check your policy to see how far your coverage extends.
These are some of the unexpected things covered under your homeowners insurance. Do you have more questions regarding your coverage? Turn to the experts at Pierce Insurance Group. Our dedicated team is ready to assist you with all your insurance needs. Contact us to get started today.