Am I covered for losses due to fire, lightning, tornadoes, windstorms, hail, explosions, smoke, vandalism and theft?
Yes. The HO-3 provides broad coverage for these and other disasters or perils, as they are called in the policy, including all those listed in the question. You should check the dollar limits of insurance in your policy and make sure you have enough insurance to cover all items. Question # 2: Are my jewelry and other valuables covered? The standard policy provides only from $1,000 to $2,000 for theft of jewelry. If your jewelry is worth a lot more, you should purchase higher limits. You may wish to add a floater to your policy to cover pieces of jewelry and other expensive items, such as electronic equipment, stamp collections or silverware. Question # 3: If my house is destroyed in a fire and I have $150,000 worth of insurance to cover the structure, will this be enough to rebuild my home? If the cost of rebuilding your home is equal to or less than $150,000 you would have enough coverage. If the cost of replacing your home is $120,000, then that is all the insurance you need. On the
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- Am I covered against losses due to fire, lightning, tornadoes, wind storms, hail, explosions, smoke, vandalism and theft?
