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What is included in my Home Owner’s Insurance policy cover? Is there anything specific I need to keep in mind before buying a policy?

April 26, 2017buying cover Home included insurance policy mind owner policy

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What is included in my Home Owner’s Insurance policy cover? Is there anything specific I need to keep in mind before buying a policy?

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Your home owner’s insurance covers your house, any permanent fixtures and fittings, garden walls, gates, fence, pool and your personal belongings. Home owner insurance protects you from specific types of home-related accidents and incidents. The most common types are fire, theft and vandalism. It also provides additional living expenses such as hotel expenses in case you are unable to stay in your home due to accidents or other incidents. The policy also provides liability protection. Ideally, you should select the amount of coverage which can replace your home and property plus some amount to cover your liabilities. Also, if you are staying in a flood or earthquake-risk area, you should separately purchase flood/earthquake insurance as homeowner’s insurance doesn’t usually cover flood and earthquake.