01 Mar 2018
Unexpected Things Covered by Your Homeowners Insurance

Understanding your coverage.

While most homeowners have an insurance policy, many do not understand exactly what their policy covers.  However, if you want to avoid making costly assumptions, it’s important that you understand exactly what your policy includes.  Aside from physical damages to your home, your homeowners insurance also offers additional coverages.  Here are some of the surprising things covered under your policy.

Slander and Libel

In addition to protecting your physical property, your homeowners insurance also offers you liability coverage.  While this coverage is usually used when someone is injured on your property, it can also protect you against claims of libel or slander.  This means that if a neighbor attempts to sue you for allegedly saying or publishing defamatory statements, your insurance will cover your legal expenses.

Pet-Related Liability Issues

In addition to covering slander and libel, the liability portion of your homeowners insurance can also cover you if you are involved in a pet-related liability issue.  For instance, if your dog were to bite your neighbor, your policy would cover their medical costs and the expenses of a subsequent lawsuit.  However, it’s important to keep in mind that you only have this protection if your pet is explicitly covered by your policy.  There are certain “dangerous” breeds of dogs that some home insurers will refuse to cover.  Make sure you review your policy to ensure that your four-legged friend is included in your coverage.

Additional Living Expenses

Finally, another surprising thing covered by your homeowners insurance is your additional living expenses.  This coverage kicks in if your home sustains damage and is temporarily uninhabitable.  During this time, your policy will cover the hotel and restaurant bills you might rack up as a result of living outside your home.  Just be aware that this coverage may have limits.  Make sure you review your policy to learn how far this coverage extends.

These are some of the unexpected things covered under your homeowners insurance policy.  Do you still have questions regarding your personal coverage?  Don’t hesitate to contact us at Patterson & Associates.  Located in Richardson, Texas, we are ready to assist you with all your insurance needs.