What type of insurance coverage exists in my homeowners insurance policy?
Under a typical homeowners insurance policy, coverage is afforded for four general categories of losses and/or damages. First, coverage may be afforded, depending upon the facts of the loss, for damage to the structure of your property; for example, damage to sheetrock or other building materials as a result of a plumbing leak within the residence. Insurance coverage under homeowners insurance policies can also be afforded, depending upon the facts of the loss, for personal property or contents damaged by a loss; for example, the cost of replacement or the fair market value of a dining room table or a sofa damaged by water intrusion. Additional coverage under a homeowners policy may include additional living expense coverage. This type of coverage would pay for temporary relocation if you are forced to move from your residence as a result of a covered loss. The duration of additional living expense payments is dependent upon the language of the insurance policy. The final type of cover
