Your home is probably your most
valuable asset, both as an investment and as your sanctuary.
Knowing what your policy includes is important.
Yourself - Are these included in my policy now? Should they be?
Lightning, Windstorm or Hail
Volcanic Eruption, Riot or Civil Commotion
- Vandalism or
- Weight of
Snow, Ice or Sleet
Discharge or Overflow of Water or Steam
- Freezing of
Plumbing or Related Systems
- Rupture of
Heating, Air Conditioning, Hot Water or Sprinkler Systems
- And several
other perils not specifically excluded.
Are the Different Coverages on My Policy?
Dwelling or "Coverage A"
provides protection against direct physical damage to the
listed on the policy - basically your home from wall to wall,
floor to ceiling,
interior and exterior. Also included would be any items
attached to your home
like a garage or carport. The dollar amount assigned to this
section is a calculation
of what it would cost, in the even of a total loss by a covered
peril, to rebuild your home
back to it's pre-loss condition. This is also called a
Replacement Cost Estimate or Guide.
Structures or "Coverage B"
under this section is extended to items not directly connected to
like a detached garage or shop as well as sheds and fences.
The Coverage B limit is typically 10% of the Coverage A limit.
Property or "Coverage C"
contents of your home, or all your "stuff" falls under
Clothing, furniture, electronics, appliances, tools or anything
that is not a permanent part of your home. If any of these
items are damaged or lost due to a covered peril,
they can be replaced at either an Actual Cash Value or Replacement
Additional endorsements can also be placed on higher value items
such as jewelry, collectables or fine art.
Protection under this section is also extended to your personal
property anywhere in the world.
The Coverage C limit is typically 50%-75% of the Coverage A limit.
of Use/Additional Living Expense or "Coverage
- If your
are not able to live in your home after a covered loss
(for example a fire or flooded basement) this section of
will provide financial assistance for you to secure other living
until your home can be repaired. Also included in this
coverage section would be money
for food and even transportation expenses. The Coverage D
limit is typically 40%-50% of the Coverage A limit.
Liability or "Coverage E"
- In the
event a claim or suit is made against you for damages to
or due to bodily injury and you are found liable, this section
will pay up the the limit of liability
and the cost to defend you even if the claim is perceived as false,
inaccurate or groundless.
Examples of this would include your dog biting somebody, a person
is injured at your house
or other personal activities causing bodily injury or property
damage even if they were unintentional.
Coverage E limits are typically $100,000 or $300,000.
Payments to Others or "Coverage F"
section is placed to cover medical expenses for people who
are injured accidentally
in your home or on your property. This may include hospital
or doctor bills,
emergency response charges and other medical procedures deemed
necessary due to the injury.
Coverage F limits are typically $1000-$5000.
homeowner can be a dream come true, so don't let the above named perils
become a nightmare.
Let us help guide you through the Homeowners Policy and determine
which one of the several companies we represent will best meet your
and provide the most valuable combination of tailored coverage, quality
service and fair pricing.
us today for a quote or more information!