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.
* 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.