Homeowners insurancetypically covers a broad range of possible damages. Your actual physical dwelling and other structures on the property should be covered, like a garage, fence, driveway, or shed. However, if you run a business on your property in a separate structure, homeowners insurance gene...
While homeowners insurance is notrequired by law, your lender may require it in the terms of your mortgage. Coverage can vary across providers; however, a standard homeowners insurance policy commonly provides coverage for the following: Your dwelling and personal belongings.This is the key component...
In general, standardhomeowners insurancepolicies cover renovations. However, it's to your advantage to check with your agentbeforethe project gets underway to make sure that you will be adequately covered during and after the renovation. There are two key reasons why this is important: Your existi...
are some crucial exclusions to note under homeowners insurance that will help you decide whether additional coverage is necessary. Some of these types of damages can be covered by purchasing an endorsement, or add-on, to your policy, while others will require an entirely separate insurance policy...
While homeowners insurance covers many circumstances, there are several that are not. Flooding Your policy will usually cover"sudden and accidental"water damage that can be traced to a source inside your home, like a burst pipe. Flooding from outside the home, however, usually requires a separat...
Homeowners insurance coverage pays to repair or replace damaged property, including your belongings and the structure of your house. Home insurance generally covers damage due to fire, wind or snow, but standard policies won’t cover floods or earthquakes. It also covers your liability if you hurt...
Homeowners insurance may cover water damage if the cause is sudden and accidental, such as a burst pipe. Damage caused by rain may be covered, depending on how the damage occurs. Standard homeowners insurance does not cover flood damage – additional coverage is typically required. What Types of...
doi:urn:uuid:27b89e7cf4e9a310VgnVCM100000d7c1a8c0RCRDWhether homeowners insurance covers the consequences of a power outage depends in part on how the outage occurred, where you live and the fine print of your home insurance policy.Barbara MarquandFox Business...
Is your house’s electrical panel covered by your homeowners policy? Like so many things in home insurance, the answer is, “it depends.” If the electrical panel is suddenly and accidentally damaged by a covered peril like fire or lightning, then your homeowners insurance likely covers it. ...
Most homeowners insurance policies will cover your home’s structure, personal property, living expenses if you’re displaced from your home and liability protection if there’s an accident in your home. Each homeowners insurance policy will look slightly different depending on the coverage you choose...