What is Covered by Homeowner’s Insurance
FORT LAUDERDALE, Florida. According to the Insurance Information Institute, standard homeowner’s insurance coverage protects you against loss due to natural disasters, theft, and accidents that take place on your property. Homeowner’s insurance coverage can pay you for damage to your home’s structure, pay for damage to your furniture and belongings, pay for additional living expenses like hotel stays or food if your home is not functionally livable (no kitchen or working bathrooms, etc.) or if your home is uninhabitable, and pay for any personal injuries guests might suffer on your property. Many policies have coverage limits, so it is important to understand what your limits are and what your deductibles are.
Generally, most homeowner’s insurance policies cover you for fire damage, lightning damage, and hurricane damage, but these policies may not cover you for all types of natural disasters. Many homeowner’s insurance policies exclude flood and earthquake damage, so if you live in an area prone to these kinds of disasters, you may need to purchase a rider for additional coverage. Your personal property may also be covered for damage or theft, up to certain limits. Liability coverage can also protect you by covering medical expenses and other costs if a person is hurt on your property or if you, your family member, or a pet injures a guest on your property. Finally, if your home is completely damaged and you need to stay at a hotel, buy new clothes, or eat out, your homeowner’s policy can cover the additional costs of the hotel stay, the additional food costs, and clothing costs, but your policy will subtract from these expenses what you normally might have paid for food or living expenses, and the policy will generally only replace clothes with clothes similar to what you owned, so don’t go out buying that fancy tailored suit unless you already owned one and it was damaged by a storm or fire.
Some homeowners may not be aware that their insurance policy can cover them for surprising items. According to Bankrate, some homeowner’s insurance policies will reimburse you if your food spoils due to a power outage. Dog owners may also be surprised to learn that their homeowner’s insurance can protect them if their dog bites someone, even off their property. And some policies may also cover you for accidents that take place outside your home. Finally, if your child is a student off at college, and his or her property is stolen or damaged in a dorm, your homeowner’s insurance coverage may protect you. If you are not sure what is or isn’t covered and are facing a lawsuit or damages or losses, consider speaking to the insurance claims lawyers at Leader, Leader, & Zucker, PLLC in Fort Lauderdale, Florida today. You can potentially save yourself thousands or even tens of thousands of dollars by taking full advantage of your homeowner’s insurance coverage. Contact us today at https://leader-law.com/ to learn more about your rights and options under the law.
Leader, Leader, & Zucker, PLLC
633 South Andrews Ave.
Fort Lauderdale, FL33301