The Basics of a Standard Home Insurance Policy
Most homeowners in Missouri have a standard homeowner's insurance policy. However, just because you may have one is not an indication that you know what it means. You should really know as much about your policy as you can an the best way to do this is to learn about it.
Listed below are the main areas of a standard home policy and what they mean:
Dwelling – Your dwelling will be protected against many of the elements that can damage it. This policy will not cover maintenance , this is something that you will need to do on your on. You also will need to get additional coverage for flooding as most companies do not cover this.
Other Structures on Your Property – You can get other structures on your home covered as well , such as sheds or out building. . Many people also have attached garages outside their home and this is a great way to cover these.
Personal Property/Contents – You personal property that is in your home can easily be covered with this type of policy. This protects all your belongings.
Loss of Use - If you're home is damaged and you have to move somewhere else , such as a hotel , your insurance company will reimburse you for any expense you may incur due to loss of use of your home.
Personal Liability Protection – If you have someone come to your home that gets injured , this will cover for the law suite in the event they sue you , which many people will do.
Medical Payments – If you have a standard insurance policy , you will be covered in the event someone get injured at your home and has medical expenses. This is a great way to make sure you are covered in the event someone gets injured at your home.