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What Can Homeowners Insurance Cover?

Homeowners insurance can be a lifesaver for many individuals and families that are affected by life’s most unfortunate circumstances. From house fires to burglary and even liability coverage for injuries or damage that occur to guests or their property in your home, our homeowners’ insurance in Philadelphia offers protection from a broad spectrum of scenarios.

In this post, we’ll explain the different types of coverage that can come with your homeowner’s insurance policy and the various types of damages and losses they can protect against. This way, you can have a fuller understanding of our policies and select the one that best-protects you, your loved ones, and your most valuable possessions.

Dwelling Coverage

Dwelling coverage can help cover expenses to repair or rebuild your home if it becomes damaged. Common types of damage that are covered by dwelling coverage include:

  • Fire and Smoke
  • Wind
  • Lightning Strikes
  • Hail

If your home is damaged by any one of the covered hazards in your plan, dwelling coverage can help pay for the services and materials needed to restore your property.

Other Structures Coverage

With other structures coverage, you can protect certain buildings and components of your residence that are not attached to your home. Things like a garden or tool shed, a detached garage, and perimeter fencing can all be covered by this type of coverage.

Personal Property Coverage

If your home is burglarized or you suffer a covered loss like a house fire or flood damage, personal property coverage can reimburse the value of the lost or damaged items. Things like furniture, electronics, clothing, and other valuables are often covered.

Liability Coverage

Liability coverage helps to cover costs you may owe resulting from another’s injury or damage to a guest’s property in your home. If you are found liable for the injuries or damages sustained by another person in your home, this coverage can help cover their medical bills, your legal expenses, the costs of repairing their property, and even lost wages of the suffering party.

To receive a personalized and competitive quote for homeowners’ insurance from a trusted insurance agency in Philadelphia, call Freedom Insurance Group, Inc. today at 215-375-7733.