As a homeowner, the purchase of your home is probably one of the largest investments you’ll ever make. As a result, most homeowners want to know that their investment is protected from damage and any number of unexpected situations. Fortunately, homeowners insurance is designed to do just that-provide protection for one of your largest investments. However, homeowners should be aware of any situation or item that isn’t typically covered by homeowners insurance.
What’s Covered by Homeowners Insurance?
Typically, homeowners insurance covers four primary areas. These areas include your home or dwelling, any other structures or buildings on your property, your personal property or belongings, and liability. Liability coverage is designed to protect you should a visitor become injured while at your home. Liability coverage also includes damage to a visitor’s personal property. A homeowners’ policy simply covers the repair or replacement of your home and your personal items should anything happen. The damage can come from fire, poor weather, smoke, as well as theft and vandalism. Damage from inclement weather can come from lightning, wind, and hail.
What’s NOT Covered?
Although homeowners insurance covers many things, there are a few key things that aren’t covered under a standard homeowners’ insurance policy. Our team at Carr insurance Group knows that understanding what’s covered and what’s not can be confusing. As a result, we’re committed to helping Maryville, TN homeowners understand coverage guidelines. Homeowners should understand that a standard policy won’t cover valuable jewelry beyond a certain dollar amount, artwork and collectibles, or damage caused by natural disasters like an earthquake or flood. These scenarios would require a homeowner to purchase separate policies or additional amendments to cover these areas. If you still have questions about what’s not covered under a standard policy, give us a call. We’re standing by.