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Homeowners Insurance Policy Coverage – All You Need to Know

September 21, 2021

At EZ Insurance, we  offer you quality homeowners insurance policy that will cover your home and other detached structures on your property. Detached structures , such as garages and pools are generally insured for  10% of the coverage limit  you have on your dwelling. However, this limit can be increased. 

You can insure your home replacement cost basis against fire and other extensive damages caused by smoke and water. Our homeowners insurance coverage will also protect your home and its content  against damage  caused by windstorm, theft, vehicle damage caused by a non-owned vehicle, explosion, civil commotion, and riot.  

The policy will include coverage for the contents of your home. This amount can extend up to 70% of the coverage limit you maintain on your dwelling.

When a covered loss occurs you might not be able to live in your home. Depending on the damage this could be a short-term or a long-term situation. Your West Hollywood homeowners’ insurance policy will pay for your increased cost of living expenses for temporary housing while your home is being repaired or rebuilt. This section of your policy is referred to as Additional Living Expense coverage.

A deductible applies to all of the above Section I coverages. Discuss with your agent how a higher deductible might help cut down your premium. 

Home ownership is a major responsibility. Section II of your homeowner’s insurance policy provides coverage against third-party liability for bodily injury or property damage. Your homeowners ‘ insurance policy protects you if any person is hurt while on your property. It also protects you against property damage that you or your family members are liable for. Your deductible does not apply to this section of your Homeowners insurance coverage.  

It is easy to place a value on your tangible real and personal property. However, it is not easy to forecast how much a liability claim can cost you as the cost of defending such claims can change. Hence, it is  advisable to always carry enough liability insurance to protect your home and its contents.