Home is not just where your heart is, it’s where your valuable possessions and memories are, and you need to protect them. More and more people are realizing the importance of homeowners insurance because our homes need to stay safe from vandalism, theft, and fire. These are things that can severely damage our homes and can’t be foreseen, and it’s always better to be safe than sorry. Your policy can protect you from much more than just vandalism, theft, and fire so read about these interesting facts about homeowners insurance that you probably didn’t know.
1. You’re coved for the harm your dog causes
If your dog would bite someone in your or their home, your homeowners insurance can help you. The same goes if the dog destroys someone’s property. If the person sues you, your policy will also cover the legal fees.
2. Renovating your home can increase the amount of coverage that you need
Have you been planning to renovate your bathroom or add a family room? One of the interesting facts about homeowners insurance that you probably didn’t know is that renovating your home can increase the amount of coverage that you need. You should inform the insurance company about any renovations or additions to make sure that you have enough coverage in case something happens.
3. Your home appliances are also covered
One of the interesting facts about homeowners insurance that you probably didn’t know is that it provides coverage for much more than your home. Your home appliances are also covered if they would get damaged by a covered peril such as lighting, vandalism, theft, or fire.
4. You can get homeowners insurance even if you don’t own the home
Even if you don’t own the home, you can buy insurance for all your valuable possessions such as electronic equipment, artwork, jewelry, and the other belongings that you keep in the home. In some cases, you can even get homeowners insurance too, even if you’re not the owner.
5. You can purchase a policy online
Not so long ago, you would have to meet an insurance agent to buy a policy, but now it can all be done online. You just need to spend a few minutes on your computer, and you’ll be able to purchase homeowners insurance without leaving the house. Many insurance companies now provide payment portals, proposal forms, and quotes online, so you don’t even have to talk to an insurance agent to purchase a policy.
6. The policy doesn’t always cover fallen trees
When a tree falls on a house, it definitely makes a sound, and a lot of damage. You probably know that your insurance company will cover that damage, but one of the interesting facts about homeowners insurance that you probably didn’t know is that not every fallen tree gets covered. If the tree doesn’t fall on your house but on your property, the insurance company is not going to cover the cost of tree removal. You are only covered for the damage the tree causes to your house.
7. Many natural disasters are covered, but some are not
Homeowners insurance covers wildfires, lightning strikes, hail, and wind, but one of the interesting facts about homeowners insurance that you probably didn’t know is that it doesn’t cover earthquakes and floods. For these two natural disasters, you will have to purchase separate policies, and many people don’t realize this until it’s already too late.
8. You need to ask the right questions
The best way to make sure to get the right homeowners policy is to ask your insurance agent some important questions. For instance, you should check whether your policy will cover all structures on your property including the fence, storage shed, and garage. Make sure to ask about all your personal belonging too, because there might be limitations or exclusions when it comes to certain items such as jewelry. You should also ask about the additional living expenses because you might be covered for that too, in case you have to live somewhere else while your home gets repaired after a covered loss. Ask about expanding your basic policy too, because, depending on your location, you might need additional coverage for floods and earthquakes. Depending on your needs you can choose mobile home insurance, landlord’s insurance, renter’s insurance, or condo insurance, so make sure to get informed about your options before purchasing a policy.
Learn more about the benefits of having homeowners insurance because purchasing a policy might be a good idea for the safety of your home and possessions.