Does Home Insurance Only Cover My Structure?

Most homeowners buy home insurance to cover their dwelling structures. This is understandable because your building structure could be the most expensive part of your house. While your home insurance rebuilds or repairs your dwelling, this is hardly the only thing covered by home insurance. Home insurance covers various facets of your home ownership, as highlighted by Elliott & Associates Insurance in Opelika, AL.

Personal assets coverage

You probably know that home insurance covers your clothing, electronics, furniture, and other assets when damaged or lost to a peril included in your policy. However, you may not know that home insurance can cover your assets when lost outside your home. For instance, home insurance should compensate you when your laptop is stolen at school or inside your car.

Liability coverage

This is usually one of the most underrated benefits of home insurance. Home insurance isn’t all about your assets — it covers you and your loved ones when accused by other people of property damage and bodily injury. You may not know it, but liability claims can be costly. For instance, if your dog bites someone, the cost can go as high as $60,000, depending on the severity of the damage.

The sad thing is that you could be held responsible even if the damage was accidental. Even worse, your assets could be at stake if you don’t have liability insurance to cover the liability claim. Thankfully, you don’t have to worry too much about third-party claims if you have home insurance.

Loss of use

You don’t have to look for temporary shelter with your friends and relatives when a covered loss renders your home unlivable. Home insurance can pay for additional living expenses you incur in a hotel or another dwelling similar to your home.

Want to enjoy the above protection from home insurance? Please contact Elliott & Associates Insurance for reliable home insurance policies. We serve Opelika, AL, and the surrounding regions.