Australia Storm Book

After The Storm - 10

Good News About Homeowner's Insurance Policy

General

Many people are surprised about the extent of protection that their homeowner's insurance policy offers. Although your homeowner's policy may not cover flood damage to your home, it does offer some protection from other losses due to natural disasters, such as hurricanes.

Tips

Although policy provisions and dollar amounts may vary, the following items are usually covered by a homeowner's policy:

Your house, including rental units that are part of the building, and any attachments to the building, such as a garage.

Any structures on your grounds that are not attached to your house, such as a garage, tool shed, pool cabana, or gazebo.

The lawn, trees, and shrubs on your property.

Vacant land that you own or rent, with the exception of farmland.

Cemetery plots or burial vaults that you own.

Personal possessions that you or members of your household own or use anywhere in the world. This includes the contents of your house and any structures on your grounds. It also covers any possessions that guests bring to your house, but it does not include the possessions of any tenants you may have living in your home.

Any items friends have loaned to you that you're keeping on your property.

Your living expenses, if your house is unlivable due to damage.

Rental payments, if you normally rent part of your house but it is unlivable due to damage.

Settlements, medical expenses, defense, and court costs involved in claims brought against you for bodily injury to others or damage to the property of others that occurred on your premises.

 

 

 

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