Homeowners insurance provides protection against scenarios that can cause damage or loss to your personal property. Securing coverage means you can financially recover more easily when the unexpected occurs. Here’s what a basic policy typically includes.

What’s Covered Under Most Homeowners Insurance Plans?

1. Liability

If a guest sustains an injury while on your property, standard home insurance pays for their medical costs if they take the issue to court. Most policies also cover legal expenses, including court and attorney fees as well as financial judgments.

Most policies come with limits, which you may be able to increase by upgrading to umbrella insurance.

2. Belongings

Homeowners insurance pays for replacement and repair costs if your belongings are stolen or damaged.

While fires are typically covered, you may need additional insurance to protect from some natural disasters, including floods and earthquakes. Your policy may also safeguard personal items you store away from home.

3. Buildings

A standard plan provides assistance if your home’s components, including the roof, are damaged by heavy winds, hail, fallen tree branches, fire, and vandalism.

The protection extends to other structures on the property, such as decks, garages, and sheds. While aboveground swimming pools are typically covered as personal property, not all policies apply to in-ground varieties. 

4. Temporary Relocation Expenses

If your home is damaged to the point of being uninhabitable, many homeowners insurance policies pay for expenses when you temporarily relocate. Expenses include hotel costs, meals, and parking fees. Claims typically have caps that are separate from policy limits for repairs.

Serving clients in Alaska and Hawaii, Associated Insurance Services makes protecting your home a priority. They have served the country for nearly 30 years by providing comprehensive and reliable policies. The independent agency partners with some of the industry’s leading providers, so you can count on customized protection that fits your budget and unique needs. Call (907) 349-2229 for a quote in Anchorage and visit their website for information on policy options.