| Homeowners insurance can be confusing, to
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| | inventory and total up the value of
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| say the least. Here's a quick rundown on
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| | everything you own.
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| what homeowners insurance covers in
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| | What is additional living expenses
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| simple terms.
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| | coverage?
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| What Does Homeowners Insurance Cover?
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| | Additional living expenses coverage pays
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| Homeowner insurance covers the following:
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| | your expenses when your home has been
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| 1. The structure of your home and other
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| | damaged by fire, vandalism, plumbing
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| structures on your land
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| | leaks, or storms, and you need to live
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| 2. Your personal property - furniture,
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| | elsewhere. It covers your hotel and
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| clothing, electronics, appliances, etc
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| | restaurant bills plus other living
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| 3. Your additional living expenses when
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| | expenses.
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| your home is damaged and you need to live
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| | Standard policies provide additional
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| elsewhere
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| | living expense coverage equal to 20% to
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| 3. You, when someone is hurt and you're
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| | 25% of your home structure coverage.
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| found to be at fault
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| | What is personal liability coverage?
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| What is home structure coverage?
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| | Personal liability coverage protects you
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| Home structure coverage pays to rebuild
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| | from lawsuits when you, your family, or
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| or repair your home after it's been
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| | your pets injure someone or damage their
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| destroyed or damaged by vandalism, fire,
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| | property. It pays for the other person's
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| plumbing leaks, or storms. The amount of
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| | medical expenses and property damage
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| home structure coverage you need should
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| | expenses, plus your court costs and legal
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| be enough to rebuild your home.
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| | fees.
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| To figure out how much coverage you need,
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| | Standard policies provide a minimum of
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| call a local real estate agent or builder
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| | $100,000 worth of coverage, but if you
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| to find out the square-foot building
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| | have a lot of assets to protect you can
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| costs in your area. Then multiply that
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| | purchase additional coverage.
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| figure by the square footage of your
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| | Where can I get cheap homeowners
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| home.
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| | insurance?
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| What is personal property coverage?
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| | The easiest way to get cheap homeowners
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| Personal property coverage pays to
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| | insurance is to comparison shop online,
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| replace your personal possessions after
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| | and the best way to do that is to visit
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| they've been stolen, or damaged by fire,
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| | an insurance comparison website where you
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| vandalism, plumbing leaks, or storms.
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| | can get rate quotes from a number of
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| The amount of coverage you need should be
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| | insurance companies all in one place.
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| enough to replace all your personal
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| | Some of these sites even let you talk
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| property. Standard policies provide
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| | with insurance experts who can answer all
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| coverage equal to 50% to 70% of the
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| | your questions and give you money-saving
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| amount of your home structure coverage.
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| | advice. (see link below).
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| To determine if this is enough, take an
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