coverages inclided in your homeowners insurance

Why “Basic” Homeowners Insurance is More Comprehensive Than You Think

Here are some of the comprehensive coverages included in standard homeowners insurance policies.

If you own a home, then you likely have a home insurance policy in place. However, many individuals do not know about all the coverage options that homeowners insurance in Plano, Texas has to offer. Here are some of the comprehensive coverages included in your standard policy.

Personal Property Coverage

Homeowners insurance includes coverage for the physical damages that the structure of your home might sustain after a break-in, act of vandalism, fire, extreme weather event, or so on. Your policy will also extend this same coverage to the personal property inside your home. So, if you have belongings that are damaged or stolen during a claim event, your insurance will compensate you for these losses up to your policy’s coverage limits.

Personal Liability Coverage

In addition to coverage for physical damages, your homeowners insurance will also offer personal liability coverage for you and the other family members living under your roof. For instance, if someone were to trip and injure themself on your property, your homeowners insurance policy would offer coverage for their medical treatment and other losses. Should the injured party sue, your policy will also provide coverage for your legal and settlement fees. As an added bonus, this liability coverage travels with you and your family members, ensuring that you are covered even when you are away from your home.

Loss of Use Coverage

If your home ever sustains damage that makes it temporarily uninhabitable, your policy will offer you loss of use coverage. This type of coverage will help you pay for the expenses associated with living elsewhere while your home undergoes repairs. For instance, loss of use coverage will help you pay for your family’s hotel stay, restaurant bills, and so on.

These are some of the surprisingly comprehensive coverages included in your homeowners insurance in Plano, Texas. Do you have additional questions regarding your home insurance coverage? If so, contact the experts at Tri-Star Insurance/HUB International. Our dedicated team is ready to assist you with all your coverage needs today.