Homeowners Insurance: A Primer

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Real Estate




Homeowners Insurance: A Primer

Homeowners insurance is designed to cover sudden, unexpected losses. What does homeowners insurance cover? In general:

* The structure of your home and other structures on your land.

* Your personal property – furniture, clothing, electronics, appliances, etc.

* Living expenses while your damaged home is being repaired and you have to live somewhere else for a time.

* You, when someone is hurt on your property and you're found to be at fault.

What doesn’t it cover?


* Mold damage.

* Theft or damage of your auto, boat or recreational vehicle on your property.

* Water main breaks and floods your house, or if a sewer line breaks and floods your house with sewage.

* Earthquakes.

* Terrorist activity resulting in damage to your home isn’t covered. Neither are war damage or nuclear accidents.

* Landslides and mudslides.

* Arson is covered if it’s perpetrated by a stranger or an ex-spouse, but not if you’re only separated or living apart. It doesn’t cover damage caused by your children.

* Damage caused by pest infestations.

* Damage resulting from neglect.

* Dog bites if you own a breed considered dangerous.