Legacy Digest

10 things you didn’t know your homeowners insurance covered

Homeowners insurance is essential for protecting your property and belongings in case of unforeseen events like natural disasters, theft, or accidents. While many people are aware that their homeowners insurance is designed to cover the cost of repairing or replacing their home and belongings in case of damage or loss, many policies contain additional supplemental coverages that you may not be aware of. Here are ten things you may not have known your homeowners insurance may also cover:

1. Dog bites: If your dog bites someone and you’re held liable for their injuries, your homeowners insurance may cover the cost of legal fees and any settlements or judgments against you.
2. Tree removal: If a tree falls on your property due to a storm or other event, your homeowners insurance may cover the cost of removing the tree from your property.
3. Identity theft: If you’re the victim of identity theft, your homeowners insurance may cover the cost of restoring your credit and reimbursing you for any financial losses incurred as a result of the theft.
4. Mold damage: If your home suffers from mold damage due to a covered event, such as water damage from a burst pipe, your homeowners insurance may cover the cost of remediation.
5. Power outages: If your home experiences a prolonged power outage due to a covered event, such as a storm, your homeowners insurance may cover the cost of food spoilage and other related expenses.
6. Fireworks damage: If your home is damaged by fireworks on the Fourth of July or another holiday, your homeowners insurance may cover the cost of repairs.
7. Stolen credit cards: If your credit cards are stolen, your homeowners insurance may cover the cost of unauthorized charges made on the stolen cards.
8. Spoiled food: If your refrigerator breaks down and spoils all of your food, your homeowners insurance may cover the cost of the spoiled food.
9. Legal fees: If you’re sued for libel or slander, your homeowners insurance may cover the cost of legal fees and any settlements or judgments against you.
10. Student dorm room contents: If your child is a college student living in a dorm, your homeowners insurance may cover the cost of their belongings in case of theft or damage.

While it’s important to review your insurance policy and understand what it covers, it’s also essential to know what it doesn’t cover. For example, most homeowners insurance policies do not cover flooding, earthquake damage, or damage from normal wear and tear. If you live in an area prone to these types of events, it’s important to consider additional insurance coverage to protect your home and belongings.

Some of our competitors will also strip out essential coverages to try to present you with the lowest price possible, but ultimately, you are the one who gets hurt when a claim arises and it is not covered. We don’t play those games. We will provide you with the right insurance at a very competitive price, but we won’t slash your coverages to try to make ourselves appear cheaper.

In conclusion, homeowners insurance is an essential investment to protect your home and belongings from unforeseen events. Knowing what your insurance policy covers and what it doesn’t can help you make informed decisions and ensure that you have the coverage you need to protect your assets.

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