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Homeowner’s insurance is in place for a number of reasons. A lot of people think about their house insurance and how it will protect their roof and dwelling in the event of a storm or fire. However a typical house insurance policy covers more than just siding, windows, and smoke damage. It also provides coverage for liability issues, personal property, and additional living expenses should a policyholder ever become displaced from their home.


If a policyholder owns a dog, and that pet bites another individual causing medical attention to be required, well than the dog owner has liability coverage through their standard homeowner’s insurance. Liability coverage also helps in the event that a policyholder gets sued because a neighbor fell down while visiting the person’s property.

According to the Insurance Information Institute, “Liability limits generally start at about $100,000, however, it’s a good idea to discuss whether you should purchase a higher level of protection with your insurance professional.”

This liability protection also follows a homeowner even when they are not at home. For example, if a person is on a golf course and hits a ball that strikes another golfer, than that person may be responsible for any medical bills associated with the golf injury. The homeowner’s policy will provide coverage within the limits already established in the policy.

So many unintentional accidents can happen in today’s world, therefore it is very important that policyholders be aware that they have liability coverage in place. It is also a smart idea to verify the coverage limits, and higher them if necessary.

Personal Property

A person’s house insurance protects at lot more than the interior and exterior of the dwelling. It also provides coverage for the replacement of personal property that is lost, stolen, or damaged. Personal belongings are covered by house insurance EVEN when they are stolen or lost while a person is on vacation or away from their household.

The type of coverage applied to personal property can vary between replacement cost coverage and actual cash value depending on the particular policy in place.

According to Help Insure, “Replacement cost is what you would pay for the item at today’s cost. Actual cash value is what you would pay for a similar item at today’s cost minus depreciation (replacement cost minus depreciation).”

Personal property can include furniture, electronics, jewelry, clothing, toys, sports equipment, appliances, and more. It is a good idea for policyholders to keep an inventory of their personal belongings on an electronic file, as this will be a great resource in the event of a large loss claim. Higher valued items, such as: jewels, furs, priceless antiques, etc. may benefit from an extra line of coverage.

Additional Living Expenses

A policyholder has a lot to deal with should they ever find themselves without a home due to a large fire, threatening tornado, or severe storm damage. If a person finds themselves without a place to live due to a natural disaster or fire that is covered by their home insurance, than they will also receive assistance in finding a temporary place to live. Claims adjusters will work with the policyholders to find a good location that can accommodate all members of the household. The temporary housing often comes fully furnished.

Immediately following a covered catastrophe, homeowners may find themselves needing a hotel for a few nights until a more permanent housing solution can be determined. All of a person’s hotel bills and meal expenses would be covered by their house insurance for these types of situations.

Oyer, Macoviak and Associates are available to answer any and all questions regarding house insurance. Please contact us today to learn more about what all is covered by a homeowner’s policy, and to make sure the correct limits of coverage are in place.


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