As the most valuable asset you possess and the cornerstone of your personal wealth, your home is vulnerable to a broad range of threats. In addition to tornadoes and other extreme weather events, your home must also contend with the risk of burglary, vandalism, or accidental damage. To protect what matters most, homeowners insurance extends an umbrella of protection over your house, as well as many other aspects of your life.

What Does Homeowners Insurance Cover?

Structural Damage

Protection from the cost of structural damage to the house itself is the most obvious and important advantage your homeowners insurance offers. If a storm compromises your roof or your home is completely destroyed in a covered event, your insurer will pay to repair or rebuild the structure, which most homeowners can’t afford out-of-pocket. While the standard policy covers damage related to a variety of perils, floods, mudslides, and earthquakes are specifically excluded unless you have an additional amendment.

Personal Property Losses

In addition to protecting the structure of your home, your insurance policy also covers the belongings inside. This personal property protection includes everything from jewelry and other valuables to household items like bath towels and kitchen implements. While the coverage limits are usually enough to cover most households, homeowners with especially valuable items may want to consider purchasing additional insurance.

Personal Liability Suits

If someone is injured on your property or you cause an accident on a bicycle, the other parties can sue you for damages. The resulting lawsuits could threaten all of your assets, even if you eventually prevail in court. To minimize these risks, homeowners insurance policies include liability coverage, which pays the value of valid claims, as well as any legal defenses you incur.

When things go wrong, David R Johnson Insurance in Beech Grove, IN is there to make things go right. As a dedicated State Farm® agency, they have the expertise to ensure you’re properly covered, with a selection of homeowners insurance policies from one of the nation’s leading carriers. Follow their Twitter for updates and news or call (317) 782-8858 to request a free quote.