04 Oct 2018
Why Your Standard Homeowners Insurance Is Anything But Basic

Here are some of the surprisingly comprehensive coverages included in your standard homeowners insurance policy.

Getting a standard homeowners insurance policy does not mean that you are getting minimal coverage. In fact, there is a relatively wide array of coverages that are automatically included in your home policy. Here are some of the coverages you can expect from your standard homeowners insurance policy.

  • Personal Property Coverage

Most homeowners understand that their insurance offers coverage for the physical damages their home might sustain as a result of a break-in, act of vandalism, fire, extreme weather event, or so on. But did you know that this coverage also extends to the personal possessions inside your home? Personal property coverage will offer you compensation for damaged or stolen belongings up to your policy’s coverage limits.

  • Personal Liability Coverage

Personal liability coverage will help you resolve any issues involving third-party injuries or losses that take place on your property. For instance, if a family pet were to bite your neighbor, your personal liability insurance would cover their medical expenses and, if necessary, your legal defense fees. Additionally, this personal liability protection also travels with your loved ones in the event that they run into a liability issue away from your home.

  • Loss of Use Coverage

Loss of use coverage kicks in when your home sustains damages that make it temporarily uninhabitable. This coverage will help you pay for the costs associated with living away from your home while it is being repaired. For instance, this coverage will help you pay for things such as hotel stays, restaurant bills, and other living expenses.

Homeowners might be surprised to learn that these comprehensive coverages are all part of their standard homeowners insurance policy. Do you have further questions regarding your home coverage? If so, don’t hesitate to contact the team at Patterson & Associates in Richardson, Texas. We are ready to assist you with all your insurance needs today.