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Almost every homeowner is required to carry insurance as part of their mortgage agreement, but many people aren't sure what that policy covers until they try to file a claim. To help clear up the confusion, Ohio's independent insurance experts at Lighthouse Agency are here to explain what's commonly covered by homeowner's insurance and what kinds of damage are usually excluded.

Your insurance policy includes several types of insurance coverage, including:

  • Dwelling damage to help you repair or rebuild your home after a covered event, like a fire.
  • Other structures that compensate you for damage to other buildings on your property, like a garage or a barn.
  • Personal property coverage that protects the items inside your home, up to a specified dollar amount. To make sure extremely valuable items are fully protected, you may want to purchase additional coverage.
  • Personal liability to shield you from lawsuits filed by people who are injured on your property.

However, your policy likely does not cover:

  • Routine maintenance and repairs
  • Animal damage, including termites and other pest infestations
  • Water damage arising from floods, sewer backups, or burst pipes.
  • Damage from earth movements such as sinkholes and earthquakes.
  • Any damage that is less than your deductible, or greater than the coverage limits outlined in your policy.
  • Loss of valuables that exceed the dollar amount of your policy.

Lighthouse Agency provides a wealth of information on any kind of policy, from health insurance to auto insurance, so visit their website or call (513) 860-9100 for more information.

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