What does homeowners insurance cover?

It is always a smart idea to get insurance. This applies to many situations. For example, when you are relocating with movers Baltimore, you should get insurance in case something happens to your items during transport. Then, you should also protect your home from natural disasters and robberies. For this reason, many people get homeowners insurance. But what does homeowners insurance actually cover and can it be extended? Find out all the answers below 

person counting money
Homeowners insurance will protect your property and save you money

What is included in homeowners insurance? 

The answer to this question depends on what type of insurance you will get. Usually, it will include the following. 

  • Your house 
  • Other structures on your property 
  • Personal items 
  • Liability if you cause damage to someone else’s property 

This means not all of your property and your personal items are protected all of the time. Your insurance company will either pay for repairs or replace damaged things caused either by natural disasters or in the case of robberies. The price of homeowners insurance also depends on the number of things that are included. For example, not all natural disasters are covered by homeowners insurance. Generally, it does not include earthquakes or floods. If you live in an area that is frequently hit with either earthquakes or floods, you should purchase additional coverage. 

Limits to this type of insurance 

You have to know that your insurance has limits in terms of what it covers and how much it covers. For example, when you are moving you should always get insurance in case something happens to your items. Now you have a couple of options. First of all, you might get insurance from your movers Ellicott City MD. They might be able to offer moving insurance. If not, then you can try to extend your already existing insurance. The last possible solution would be to find a third-party provider. For this reason, if you want to get this type of insurance, you should read your contract carefully. Make sure to know all the limitations and deductibles. Also, see how you can contact your insurance provider in order to claim it.  

envelope with money
Make sure to know how much you will get in return if something happens

Coverage explained in a greater detail 

Lastly, see what exactly your homeowners insurance protects and how. Just like when you’re hiring residential movers, you’ll have to read your contract carefully because that’s where you’ll find all the necessary information.

First, dwelling protection covers the structure of your house. This includes the roof, walls, foundations. It could also include your garage but make sure to check this piece of information. Then, insurance can also cover other structures, such as a tool shed, guest house, etc. This insurance can also cover your personal belongings. This is where you can extend it when you are either moving or planning to store your items in a storage unit. Lastly, liability protection is also a smart thing to have. When someone gets injured on your property or you break something, it will be protected. As you can see, it would be wise to get this type of insurance.