Coverages that Make Standard Homeowners Insurance Anything But Basic

Coverages that Make Standard Homeowners Insurance Anything But Basic

Think that your homeowners insurance is minimal at best?  Then think again.

While many assume that their standard homeowners insurance only offers minimum coverages, this assumption isn’t exactly true. In fact, the coverages included in even the most basic policies are surprisingly comprehensive. Here are some of the coverages that come standard with your homeowners insurance.

Liability Coverage

If third-party injuries, damages, or other losses take place on your property, your homeowners insurance will offer you liability coverage to compensate the affected party. Your policy will also offer you coverage for your legal defense if the injured party decides to sue. As an added bonus, this liability coverage travels with the members of your household, ensuring that they are covered if they experience liability issues outside of your home.

Personal Property Coverage

Your homeowners insurance offers coverage for the physical damages your home might sustain during a storm, fire, break-in, or so on. But did you know that your policy will also extend this coverage to your personal belongings? Personal property coverage will offer compensation for damaged or stolen possessions up to your policy’s coverage limits.

Loss of Use Coverage

If your home sustains severe damages, you may be forced to live elsewhere while it undergoes the necessary repairs. Luckily, your homeowners insurance policy will offer you coverage to assist with the expenses of living away from your home after a claim event. For instance, your loss of use coverage can help you pay for things like restaurant bills and hotel fees.

These are some of the surprisingly extensive coverages that come standard in your homeowners insurance policy. Are you interested in securing the right homeowners insurance to protect your home, belongings, and loved ones? If so, contact the professionals at Steve Wilk Insurance Agency. Located in Illinois, check out our new office at 310 S Main Street, Suite C, Lombard, IL 60148.