Home Insurance and What It Covers

​Your home is proof of security towards your family and property. It provides privacy, safety, and abode. However, homes are huge investments. Buying a home can be expensive, but it does not end there. There will be annual maintenance, taxes, and utilities you need to pay. There are also fortuitous events that can damage or destroy your home and it could be financially devastating.

Your home secures your family but whose secures your home? Fortunately, you can invest in home insurance. Home insurance allows you to be financially secured in case your home suffers damage. Here’s what you need to know about home insurance.

Dwelling Coverage
An insurance policy that covers the costs to repair or rebuild your home after it was damaged by a covered hazard, like fire or explosion. Dwelling coverage may vary depending on the insurance policy or state, but it generally covers the following:

• Fire
• Theft
• Vandalism
• Explosion
• Falling Object
• Damage from Aircraft
• Damage from Motor Vehicle

Dwelling coverage will not cover any damage you caused directly like failure to do routine maintenance. This is also subject to deductibles and limits.

Liability Insurance
A policy that covers the cost with a lawsuit when you or your family member caused injury to another person or property. This will also cover damages if the injury happened within your property. Common cases like this is when your dog bites another person in your own home.

Personal Property Coverage 
This policy covers your personal property like clothing, gadgets, and furniture subject to the policies covered damages. This can be covered whether your insured items are in your home or with you anywhere in the world. 

Additional Living Expenses
This policy covers your living expenses while your home is inhabitable and being rebuilt. It usually covers your hotel stay and restaurant expenses while your house is being reconstructed. This policy may differ from policyholders depending on the duration of the reconstruction or the expense the company can cover.

Guest Medical Coverage
An insurance policy that will cover the medical bills and expenses when someone is injured on your property. This coverage will only be applied if said an injured person is not going to sue you for any damages. 

Conclusion
Your home offers security to your family and property. Now your home can also be secured thanks to home insurance. There is home insurance that caters for a specific policy like Guest Medical Coverage and Additional Living Expenses. There is also general home insurance that you need to get like dwelling coverage and Liability Insurance.

At Keith Sanders Insurance Group, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (254) 235-8185. Get your free quote today by CLICKING HERE.