When you take out a mortgage, you will most likely be required to buy homeowners insurance to qualify for the loan. You may be surprised to find out what your policy will and won't cover. Arlene Lear Insurance of Bolivar and Humansville, MO, is here to help by providing all the information you need to make an informed decision about your policy. 

These five types of coverage are typically included in homeowners insurance policies:

• Dwelling Coverage: If your home is damaged, dwelling coverage pays to have it repaired or rebuilt. Make sure you have enough coverage to have your home rebuilt in the case of total loss. 
• Other Structures Coverage: This pays for damage to detached structures around your house such as a shed, garage, fence, or cottage on your property.
• Personal Property Coverage: This covers damage to the contents within your home such as electronics, clothes, books, sporting goods, and furniture. It does not cover the personal property of any tenants you may have. Only renters insurance will cover a tenant's property.
• Loss of Use Coverage: Sometimes when your home is damaged, you have to find another place to stay temporarily. Loss of use coverage will pay for your basic housing and living expenses while you are waiting for your home to be repaired.
• Liability Insurance: This protects you if someone is injured on your property and brings a lawsuit against you. Be advised that some things are not always covered by liability insurance. For example, if you have a trampoline in your backyard, you may not be covered if someone else is hurt while using it.

If you have questions about your homeowners insurance, contact Arlene Lear Insurance in Bolivar at (417) 777-3000 or in Humansville at (417) 754-8377. You can also visit their website for more information on everything from auto insurance to life insurance to meet all of your needs.