What Does My Homeowners Insurance Cover?

Homeowners insurance is a must for everyone who owns property. It covers damage to your home from fire, certain natural disasters and more. It also covers the items inside your home, usually at three-quarters the value of the home itself. This means that you can have up to $75,000 of coverage for items inside the home for every $100,000 of home you have insured.

However, homeowners insurance has some loopholes. It usually covers only a few thousand dollars toward jewelry and other extremely expensive items unless you buy separate coverage. Most homeowners insurance does not cover flood or earthquake damage, either.

Buyers should be aware that homeowners insurance does include some liability coverage. If a person trips and falls on your property, your policy should kick in and cover your liability up to a certain dollar amount. Dog bite liability is also often included or can be included for a few extra dollars.

Your insurance agent can help answer any questions you might have about your specific policy. For more information about homeowners insurance in the Phoenix, Arizona area, call American Premier Insurance today.