While owning a house comes with many advantages, it can also leave you vulnerable to many unique risks. A standard homeowners insurance policy can help protect you from many of the expenses associated with these risks. However, it’s crucial to know what is covered—and how much financial compensation it entails. As you begin to explore your coverage options, here are a few typical incidents that a home insurance plan can address.

What Is Included In a Homeowners Insurance Policy 

Property Damage

Damage caused to the main dwelling and other structures—such as a garage or shed—may be covered depending on the event. For example, fire, smoke, and storm damage is generally covered. Some forms of water damage are also applicable—including plumbing and roof leaks. However, paying for repairs related to flood-related damage requires additional flood insurance.

Theft

Personal belongings that are stolen will be covered up to a certain amount depending on your policy terms. In general, the benefits should pay for the replacement of the item.

Injury

Although homeowners insurance is often associated with paying for property repair or replacement, it can also help cover costs associated with bodily injuries that occur at your house. For example, if a guest is injured on your property due to your negligence, your policy can pay for their medical care and your legal fees if you’re sued.  

Additional Living Expenses  

When damage is extensive enough, your house may no longer be suitable to live in until repairs are complete. During this period, your insurance policy can offer funds to help pay for your other essential living expenses—such as hotel stays, clothing, personal care items, and food.

Backed with more than 30 years worth of experience, P.D.H. Insurance Brokerage, Inc. offers comprehensive services to help you protect your property from potential risks. Serving the Valley Stream, NY, community, this broker can help you design a homeowners insurance policy that appropriately fits your budget while protecting against all risks that affect the Nassau County area. If you want additional peace of mind, this provider also offers supplemental coverage options, such as flood or umbrella insurance. To learn more about these products, visit them online. For a custom quote, call (516) 561-5227.