There are a number of components to home insurance, so it can be confusing to know what is covered and whether you're prepared for an unfortunate event. To help you understand the options, Jess Eubanks - State Farm Insurance in Russellville, AR, explains what's covered under a basic homeowners insurance policy.
What Does Home Insurance Cover?
The Structure of Your House
If a fire or storm should damage the structure of your home, including the roof, siding, and walls, your home insurance policy will pay to have them repaired or replaced. Earthquakes and floods are typically excluded from the coverage unless you purchase a separate rider.
The Contents of Your House
Your personal possessions are also covered against damage or theft under a home insurance policy. This includes furniture, clothing, electronics, and appliances. However, if you have high-value items, such as an engagement ring, heirloom jewelry, artwork, or collectibles, you may need to have them appraised and separately insured.
Your home insurance policy pays for medical treatment or repairs if you, your pet, or a member of your family should injure someone or damage their property. It also pays any legal fees that arise out of the incident, including lawyer fees, court costs, and judgment or settlement amounts.
Additional Living Expenses
If your home is destroyed or becomes uninhabitable, your homeowner insurance policy reimburses you for the cost of additional living expenses beyond what you would normally spend. This includes hotel room fees, restaurant tabs, and even laundry and personal care expenses.
To request an affordable home insurance quote, contact Jess Eubanks - State Farm Insurance in Russellville, AR. Their friendly, knowledgeable staff will help you find the right coverage for the right price. They also specialize in business, life, and auto insurance, so ask about those as well. Call (479) 968-7776 to speak to an experienced insurance agent, or visit their website today.