What coverage is provided in a homeowners insurance policy?
Homeowner’s insurance is a package policy that combines more than one type of insurance coverage in a single policy. There are four types of coverages that are contained in the homeowner’s policy: dwelling and personal property, personal liability, medical payments, and additional living expenses. Property coverage pays for damage to your home, garage and other structures as well as damage to or loss of your personal property. Personal liability coverage provides coverage for your liability for nonauto accidents on or off your property if the injury or damage is caused by you, a member of your family, or your pet. Medical payments coverage pays for reasonable medical expenses if someone outside your family is injured at your home regardless of fault. If it is necessary for you to move into a motel or apartment temporarily because of damage caused by a peril covered by your policy, your insurance company will pay for reasonable and necessary additional living expenses.
