What does homeowners insurance cover?


Quick Answer

Homeowners insurance coverage varies depending on the homeowner's amount of coverage, but most often covers the damage done to the home or items in the home due to break-ins, natural disaster events or vandalism. This means that personal property will be replaced, the home will be repaired and the insurance company will cover additional housing if the homeowner must live outside of his or her home while things are being repaired.

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Full Answer

Personal items that are in the home can also be covered if they were damaged. These include clothing, electronics and home furniture. With all homeowner's insurance coverage policies, there are insurance deductibles and limits. Choosing the appropriate plan is crucial because a homeowner can only be reimbursed for the amount of damage that falls within the limit on their plan. Coverage plans also vary by state.

Homeowner's insurance, however, may not include natural disaster events such as flooding or earthquakes. It is always important to read the fine print on a homeowner's insurance coverage policy to ensure that all of the natural disasters common to the area are covered. Unfortunately, many people find out about their lack of coverage for a common disaster event after it has already happened and are unable to get the help they need.

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