What is Homeowners Insurance?
Homeowners Insurance is coverage for your home. It includes Property and Liability coverages. Property coverage covers the structure, your contents, additional living expenses if displaced from the home due to a loss, and other structures on the property. Liability coverage protects you from financial responsibility for covered injuries or damages during lawsuits.
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I run a business out of my home. Am I covered under my Homeowners Insurance Policy?
Most homeowners insurance policies only cover a minimum amount of property coverage and no liability coverage for a home based business. It is important to speak to your agent and obtain an endorsement on your homeowners policy or a separate Home Based Business Policy to protect you and your business.
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What Can Homeowners Insurance Cover?
There are different kinds of Homeowners Insurance. The majority of risks, such as fire, theft, or vandalism are covered under your homeowners insurance policy. But some things like, flood insurance and earthquake insurance, are covered by separate policies or endorsements to your current homeowners insurance policy.
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There are Different Types Of Homeowners Insurance?
Homeowners Insurance is very diverse and a policy can be individualized for every situation. It ranges from typical homeowners policies, to Tenant and Renters Insurance, Vacation Homes and Condos, and even coverage for Vacant or Unoccupied homes. There are dozens of different endorsements that can be added to offer higher liability limits, added protection for valuables such as jewelery or art, and additional coverage for electronics.
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