Homeowners insurance offers invaluable protection for your property with some aspects going underutilized. While dwelling and personal belongings protections are a given, many homeowners are unaware of the less frequently used areas of standard policies. Ensure you get the most out of your plan by learning about the top three overlooked coverage areas, below.

3 Homeowners Insurance Protections You Probably Overlooked

1. Non-Property Injuries or Damage

It's common knowledge that homeowner policies offer financial protections for on-property injuries to both invited and unwanted guests. However, the liability aspect of home insurance extends to injuries or damages that occur off of your property. If a stray ball breaks your neighbor's window or you accidentally trip someone at a store, you have the opportunity to utilize your policy coverage to help cover the legal and judgment costs of a lawsuit.

2. Slander & Libel Lawsuits

The same area of coverage also offers protection against claims of slander and libel. Even though these issues aren't directly related to your homeownership, such lawsuits can put your property at risk if you're unable to pay out-of-pocket. As a result, most homeowners insurance policies offer some level of coverage against these claims.

3. Required Upgrades

If severe damage results in a mostly or entirely new rebuild, your insurance may also cover the costs of certain upgrades. For instance, a change in building codes between your home's original construction and now may result in a completely different electrical system. This aspect of a policy comes into effect in the aftermath of an approved claim, such as a fire or tornado.
 

Is your home adequately protected? Turn to Pella Mutual Insurance Company in Marion, WI, to find a homeowners insurance policy tailored to your needs. Since 1876, the local insurance company has worked one-on-one with its agents to help residents and businesses across northeast Wisconsin, including Shawano and Waupaca counties. Along with homeowners coverage, they also offer farm, rental, and commercial property insurance. Learn more about their policy options online, or find a local agent today by calling (715) 754-5039.