Whats Losses Does A Homeowners Policy Cover?
Homeowners policies generally cover the following: Damage to Your Home and Other Structures The amount of damage to other structures on the property is often expressed as a percentage of the insurance on the house. For example, if the house is insured for $250,000, the structures may be insured for up to 10%, or $25,000 each. Loss of personal property Your personal property is generally covered anywhere in the world – even when you’re traveling. Loss of the use of your home Additional expenses that you have to pay because your home is temporarily unlivable because of an insured risk. Medical Payments Medical payments to members of your family and guests who are injured on your property. It doesn’t matter if you’re liable for the injury or not. Personal Liability Your liability for damage to person or the property of others. If you have health care professionals or friends visit you, and they are injured on your property, your homeowners insurance will cover the expenses incurred. Misce
