What Home Insurance Does (And Doesn’t!) Cover

Check out what homeowners insurance can protect!

A home is more than just a roof over your head. Chances are it’s your most valuable investment, and you’re unlikely to have a savings large enough to cover your home repair should a disaster strike. That’s why protecting yourself with homeowners insurance is so important. Providing financial protection, home insurance protects your home for disasters, accidents, and lawsuits. Here’s what home insurance typically covers and does not! Coverage: Most home insurance policies will cover damage caused by perils such as fire, windstorms, hail, lightning, theft, and vandalism. Including:

• Dwelling Coverage: Pays to repair or rebuild your home, including electrical wiring, heating, and air conditioning if damaged by a covered cause of loss.
• Additional Structures: Pays for damages to detached structures like garages, sheds, fences, and cottages on your property.
• Personal Property: Reimburses you for the personal items in your home that may have been damaged or destroyed by a covered peril.
• Loss of Use: Pays for your additional housing and living expenses if you are unable to live in your home while it is restored.
• Liability Insurance: Pays out if you’re found responsible for others’ injuries on your property or away from home.

What is Not Covered: In a typical home insurance policy, flood and earthquake damages are not covered. Separate policies of flood insurance and earthquake insurance should be acquired so that your home will stay dry and stable during these disasters. At Tompkins Insurance Agencies, we work with several insurance providers to secure you the right policy for your home insurance to help keep your home protected. Contact us today to get started!