Best Home Insurance!

Home Insurance Policies - what you need to know

by Anita Johnston on 08/29/2010 11:46 PM

Reading and understanding your home insurance is truly two different things all together it can be as complicated as brain surgery if you are not familiar with the wording and the various sections of the policy itself. This is a short crash course on the sections of the home insurance policy so you can grasp the information within your policy.

Of course, each policy varies from the standard but we will use a standard policy just so you can get an idea of where to look for the information you desire. The policy normally offers two sections that are divided into six coverage areas that are known as A, B, C, D, E, and F. Section one includes A, B, C, and D. Section two includes E and F.

Section One
A covers the dwelling or the structure of the home as well as any structure attached to the house such as the garage or property that is installed to be permanent such as sinks, carpet, tile, etc...

B covers all other structures on the property that are not attached to the home, which can include a garage, barn, work shed, etc...

C covers all your personal property even when taken on vacation. Each item will have a specific dollar limit. You should ensure that when or if you purchase new items that the dollar amount would still replace or repair any personal property that may be damaged or stolen.

D covers your home in the case that due to the damage you can no longer live in the home. This would cover your living expenses in the way you are accustomed to living until repairs can be made or new residence found. This will only come into play if the damage is covered in the policy. If your home is destroyed by a flood and you are not covered by floods, then you would not receive this compensation.

Section Two
E covers bodily injury, personal liability, and property damage. This will compensate for any damages that occurred to another person by you, anyone in your home, or even your pet whether you are on your property or elsewhere. You, your family, or your pet must be responsible for the damage such as a child throwing a baseball threw a neighbor’s window or your dog biting someone.

F covers medical costs that incurred from an injury while the person was on your property such as stepping in a hole or slipping on an ice covered path.

Last updated on 08/29/2010 11:47 PM