Homeowners insurance is often described as insurance for your house, but the policy usually protects more than the building itself.
A typical homeowners policy contains several coverage sections. The exact limits, covered causes of loss, exclusions, and endorsements depend on the policy and insurer.
Dwelling Coverage
This coverage applies to the insured home and certain attached structures against covered causes of loss. Base the dwelling limit on an appropriate rebuilding estimate.
Other Structures
Detached garages, sheds, fences, and other structures may be insured under a separate limit.
Personal Property
Furniture, clothing, electronics, appliances, and other belongings may be covered, subject to policy terms and special limits for certain categories.
Loss of Use
If a covered loss makes the home uninhabitable, the policy may cover eligible additional living expenses or loss of rental value.
Personal Liability
Liability coverage may protect against certain covered claims alleging bodily injury or property damage for which an insured is legally responsible.
Medical Payments to Others
Policies may include limited medical-payments coverage for certain injuries to others, regardless of legal liability, subject to policy terms.
What Homeowners Insurance Does Not Automatically Cover
Flood, earth movement, wear and tear, maintenance problems, and other exposures may be excluded or limited. Optional endorsements or separate policies may be available for some risks.
Read the Whole Policy
The declarations page is only a summary. The policy forms and endorsements determine coverage, so ask questions about the risks that matter most to you.
Have Questions?
Oberryman Insurance Agency can help you review your homeowners, condo, renters, or landlord insurance and identify coverage areas that deserve attention. If you live in Northern Virginia or elsewhere in Virginia, Maryland, or Washington, D.C., contact Oberryman Insurance Agency to discuss your property insurance needs.
Insurance coverage, eligibility, limits, deductibles, exclusions, endorsements, valuation provisions, and availability vary by insurance company, policy, property, state, and individual circumstances. This article is provided for general informational purposes and is not intended to modify or replace the terms and conditions of an insurance policy. Please review your policy and contact Oberryman Insurance Agency to discuss your specific insurance needs.
