Depending on your homeowners’ insurance policy, there are different types of coverage with each. Some offer more than others so it is important to read the fine print and know exactly what is and isn’t covered.
So, what are the types of coverage that you should expect with your homeowners’ insurance policy? Here are the most common types.
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Coverage A is for the Dwelling.
Coverage A pays for any damage or destruction that occurs to your house. It also includes any unattached structures and buildings, like your attached garage and fencing.
Coverage B is for Other Structures.
This pays for any other structures on your property, including your garage, pool, and anything else that may be on your land.
Coverage C is for Personal Property.
When talking about personal property, you are talking about the things that you have in your home. This includes any furniture, clothing, and supplies that you have. Your homeowners’ insurance will cover these things if they are stolen or damaged. However, there is often a limit on the amount of money that your insurance will cover so if you have valuable jewelry or anything else, you may want to get some extra coverage.
Coverage D is for Loss of Use.
If you are unable to live in your home, coverage D will pay for you to live elsewhere while your home is being fixed.
Coverage E is for Liability.
Liability is helpful in case you are sued because someone gets injured on your property.
Coverage F is for Medical Payments.
You need to have coverage F in case someone gets hurt on your property. It will cover their medical bills.
To make sure that your home (and family) is fully protected, it is important to get as much homeowners’ insurance as you can afford.
Finally
If you would to like to discuss your options for homeowners insurance please call us at 561-732-9305 our quoting hours are Monday through Friday from 8:30 AM to 5:30 PM. In addition, you can request a quote online. Please remember, We Handle All the Work, While You Save!
Robert Macoviak is the President of Oyer, Macoviak and Associates. Oyer, Macoviak and Associates is the oldest independent insurance agency in Boynton Beach and has been in business since 1953. Oyer, Macoviak and Associates are vested members of the community who are committed to doing business face-to-face and being your insurance advocate in times of need.
