What Is A Standard Homeowners Insurance Policy?
Before you purchase a home, and the insurance that goes with it, you would probably like to know the answer to one very important question: What is a standard homeowners policy? We will attempt to explain that here, and offer some guidance for what you do and don’t need to have. A Standard Homeowners Policy Covers: • The Physical Structure Of The Home, And Attached Buildings. • Your Personal Belongings In The Home. • Liability Protection. • Temporary Living Expenses In Case Of Catastrophe. The physical structure of your home includes the entire building, as well as attached buildings such as a garage. In addition, most policies will provide up to 10% of the policy to cover other buildings which belong with the home, but are not attached to it. Make sure that your insurance is sufficient to completely replace the home, in the event a total disaster should occur. Your personal belongings, of course, are your home furnishings, jewelry, appliances, and other incidental property. Be sure th
