What Does Homeowner's Insurance Cover?
Damage to the Home by Weather
Homeowner's Insurance covers weather related damage to your home from wind, hail or lightning including fire damage caused by lightning.
Homeowner's Insurance does NOT cover loss or damage to your property from flooding.
See information on Flood Insurance above this section!
Damage to the Home by Accidents
Homeowner's Insurance also includes accidental damage to your home from fire or incidents such as falling trees or tree limbs and even damage from vehicles. Adjacent or detached structures
on your property such as garages, workshops or storage buildings that have a slab and a skeletal frame are also included in your Homeowner's Insurance policy.
Whether you are a new homebuyer or if
you've owned your home for many years, a Homeowner's Insurance specialist from Alliance Insurance Agency will assist you in determining the current replacement cost of your home so you can be confident that
the cost of rebuilding or repairing your home is covered.
Homeowner's Insurance can also pay for additional living expenses
and necessities while your home is being repaired if your home is damaged to the extent that and you must move out while repairs are being made. Examples of living expenses would include hotel
accommodations, meals and even laundry costs.
Homeowner's Insurance also covers the contents of your home that are
damaged, destroyed or stolen up to the limits of your policy. Some of the items covered as contents that you may not be aware of include watercraft, fishing equipment, outboard engines, trailers and even
firearms. Your Alliance Insurance Agency representative will explain how to document your possessions in case of a claim.
What about Boats and Trailers when they are off premises?
Please note however, that
watercraft and boat trailers are not covered for theft or damage by homeowners insurance when they are off premises. Watercraft is covered by marine/boat insurance once the watercraft is on the
water. Watercraft and boat trailers must be are covered by your auto insurance policy when being towed on the road. If you own a boat and trailer, consult with your Alliance Insurance Agency
representative to make sure these possessions are covered in all situations, at home, on the water and on the road.
What about Collectibles?
Please note that collectibles such as coin collections, antiques and works of art may require separate insurance policies, especially if their value exceeds the limits of your homeowners insurance policy.
Off Premises Possessions
Contents coverage can even include extended coverage of
personal belongings such as luggage, cameras or laptops that are lost, stolen or destroyed on or off premises such as while you are on vacation or on a business trip. Contents coverage can even be extended
to cover personal belongings of a family member living off premises such as in a college dormitory. An example of this would be a computer stolen from your child's dormitory room while he or she is away a
Homeowner's Insurance can also include Premises Guest Liability.
This addition to your Homeowner's Insurance includes protection from lawsuits such as slips or falls by visitors that are caused by your negligence. Premises Guest Liability includes medical coverage
for any guest that is accidentally injured on the premises up to the limits of your policy. Liability protection can also cover damage to property of a visitor to your home.
Premises Guest Liability can
also be extended to cover actions by household members when they are off the home premises. For example, if your child accidental causes injury to someone while playing sports.
Your Alliance Insurance Agency representative will provide you helpful tips for documenting and itemizing your
valuables and possessions in the event a claim is filed!