What Does Homeowners Insurance Cover?

Broadly speaking, insurance covers you for potential loss resulting from risks such as burglary or theft, severe storms, fire and also your personal liability.

Your home liability coverage protects you in the event that someone is injured on your premises or you are responsible for damage to someone else’s property. For example, if you failed to remove a tree known to be diseased, and it fell on your neighbor’s car, you may be held liable for the damage due to negligence. Note that liability insurance will not cover acts of violence or intentional damage.

Your liability insurance policy would also typically provide coverage if:

  • Your child throws a baseball through the neighbor’s window
  • Your dog bites a visitor to your home
  • A visitor is injured on your backyard swing set or trampoline, or by falling on your icy sidewalk

If a liability claim is filed against you, it may result in your insurance paying for property repairs, medical or funeral costs, or even a lawsuit if the injured party chooses to launch a legal process.

When evaluating the amount of liability coverage that makes the most sense for you, be sure to fully discuss your limits and deductibles with your agent. Take time to understand your risks, and determine whether you will be well covered in various circumstances. In the event of a disaster, the costs of recovering can devastate household finances. Quality home insurance can make a difficult situation bearable and help you get your life back on track.

To find out how to get the best price and value on homeowners for you, call Alliances Insurance Agency, LLC at 267.614.4234