We frequently get asked this asked this question, What is Covered Under My Homeowner’s Insurance Policy? While of course the answer will vary from individual to individual and policy to policy, we thought we would provide some general information about what is covered.
When it comes to your homeowner’s insurance, generally, covered property is divided into four separate categories:
1. Dwelling – The structure of your house is considered a covered property.
2. Other Structures – These are structures that are separate from your house, such as a shed or detached garage.
3. Personal Property – This generally includes furniture, appliances, and clothing. However, not all personal property is covered, including items such as money, jewelry, or firearms. These may be covered under different insurance policy but have limited or no coverage for loss.
4. Loss of Use – When a loss occurs and the dwelling is uninhabitable, the cost of additional living expenses is covered. Generally, reimbursement of additional living expenses covers the cost to the insured to maintain a normal standard of living.
Depending on where you live, you may need to purchase additional coverage from specific losses, such as earthquakes, flood, or other natural disasters. To purchase the most appropriate insurance, it is important for you to consider your specific situation and where you live. As always, you should consult with your insurance agent so you know exactly what your homeowner’s insurance policy covers.
J.K. Olivieri Insurance Agency, Inc. is an independent insurance agency founded in 1979 which represents a number of major insurance companies. Our mission is to protect our clients’ financial future. We feel our role as an insurance agency is to assist our clients in selecting the best possible programs to fill their specific needs. In doing so, we shall research and present our clients with the best possible programs available at the best possible prices.