QBE homeowners insurance covers things such as the cost to replace the structure of an insured's home and the contents of the home, as well as liability in case another party is injured on the property, explains QBE Holdings. Living expenses when a home is temporarily uninhabitable are also covered.
Homeowners insurance policyholders are encouraged to speak with their insurance agent to make certain there is enough coverage to return to their current lifestyle in the event of a major loss, explains QBE Holdings. When a person purchases a homeowner's insurance policy, he should work with his agent to ensure the home's value is accurately covered. Homeowners are encourage to make an inventory of the contents of their homes.
QBE homeowner policyholders have a building replacement cost endorsement, and the insurance covers up to 20 or 25 percent more than the home's insured value. If the home costs more to rebuild than what is covered, the homeowner is responsible for the extra amount. Certain high-value items, such as firearms and electronics, are not covered unless the policyholder has a floater or scheduled endorsement. Flooding is not covered under a standard homeowners policy, but flood insurance can be purchased through the federal flood insurance program, explains QBE Holdings.