Home Owners Insurance protects a homeowner from whatever mayhem may rear its ugly head on his property. Be it the ravages of a house fire or the total destruction of a tornado, the home owner is covered. It also covers the contents in the home, and protects the home owner from the legal mayhem of liability.
Home Owners Insurance is for the owners of single family homes. Other types of homes have different coverage. For example, condos have condo insurance, while RV’s have Recreational Vehicle insurance. A licensed insurance agent can assist you with selecting the right type of policy for your home.
How does Home Owners Insurance protect you from the chaos of mayhem? By charging a premium for protection up to a certain dollar amount. The amount of protection a policyholder receives is based on the value of the home and its contents, as well as any liability factors. The higher these values, the higher the premium cost.
There are several types of coverage included in a home insurance policy. These include damage to your house from such mayhem as fire, flooding, tornadoes, and other catastrophes. These policies also cover other structures from mayhem, such as sheds, detached garages, and fences. Personal property is also covered, including all the contents in your home, should they be destroyed. It also covers living expenses if your home is damaged or destroyed and cannot be lived in. Home insurance also covers you from liability, such as the mayhem of a nosy neighbor suing you after he tripped on your rake while snooping around behind your garage. Medical expenses are also covered, so your nosy neighbor can have a comfortable hospital stay.
Home insurance offers the major benefit of protecting you and your family from damage and destruction to your property. It takes away the burden of additional expenses like added living costs, and medical bills that result from mayhem. It also protects you from liability. But most importantly, it gives you piece of mind. So you can sleep at night, secure that if fire ravages your home, a tornado blows it down, or a nosy neighbor trips on your rake just an inch over your property line, you will be covered.