Having home insurance is crucial. In the instance of a fire, storm or other natural disaster your home and belongings my be come damaged or completely lost. When you have a home insurance policy you will have peace of mind that if something does happen, you will have the funds to recover your life.
When you purchase a standard home insurance policy, it will generally carry four different coverage types, which include:
The coverage for the actual structure of your home;
The coverage for all of your personal belongings that are within your home;
Liability protection;
Any living expenses that you may incur in the instance that you are unable to reside in your home due to a fire or other type of insured disaster.
Structural Coverage
When you purchase Home Insurance Mechanicsburg PA, the policy will pay to have your home repaired or rebuilt in the instance of a fire or other natural disaster that is specifically outlined in your policy. This coverage will not pat for any damage that is caused by flooding, an earthquake or every day wear and tear.
Your Personal Items
This part of the policy will cover any clothes, furniture or other personal items that are destroyed by a fire or other natural disaster. In most cases, an insurance company will cover 50 to 70 percent of the insurance coverage that you have for the structure of your home. This means that if you have a policy that is worth $100,000, then there would be $50,000 to $70,000 worth of coverage for your personal belongings.
Liability Protection
This coverage offers protection from lawsuits for any property damage or bodily injury that occurs on your property. This will also cover damage from pets. This means that if your pet ruins a neighbors belonging, you are covered.
Other Living Expenses
If you cannot live in your home due to fire or other insured disaster, you will be covered the cost of a hotel, meals and other expenses that you incur. This part of the policy will cover all expenses that you are faced with for the period when your home is unlivable.
When you purchase Home Insurance Mechanicsburg PA be sure that the policy has ample coverage for your home’s structure, as well as your belongings. If you have more questions, call Strock Insurance Agency for more information on the coverage that is available for your home.
