Home > Mom's Life > Family Finances > Understanding Finances > All About Homeowner's Insurance
|

All About Homeowner's Insurance

There are hundreds of different insurance companies, and virtually all of them offer some type of homeowner's insurance. Policy specifics do vary, but the basics are pretty much the same wherever you go.

To begin with, they all provide coverage for the following:

  • Dwelling. This is your home plus its attached structures, fixtures, appliances, plumbing, heating, permanent air conditioners, and wiring.

  • Other structures. This includes detached structures — garages, storage sheds, fences, driveways, patios, sidewalks, and retaining walls.

  • Personal property. This includes the contents of your home and other personal items owned by you or family members who live with you.

  • Loss of use. This provision covers your expenses if you can't live in your home while repairs are being made.

Protection from Peril

Homeowner's policies cover your property for some or all of the following 17 disasters:

  • Fire or lightning

  • Windstorm, including hurricanes and tornadoes, and hail

  • Explosion

  • Riot or civil commotion

  • Damage caused by aircraft

  • Damage caused by vehicles

  • Smoke

  • Vandalism or malicious mischief

  • Theft

  • Breakage of glass that is part of the building and damage caused by that breakage

  • Volcanic eruption

  • Falling objects

  • Weight of ice, snow, or sleet

  • Accidental discharge or overflow of water or steam from a plumbing, heating, air-conditioning, or automatic protective sprinkler system, or from a household appliance

  • Sudden and accidental tearing apart, cracking, burning, or bulging of a steam or hot-water heating system, air-conditioning, or automatic fire-protective system

  • Freezing of a plumbing, heating, air-conditioning, or automatic fire-protective sprinkler system, or of a household appliance

  • Sudden and accidental damage from artificially generated electric current



|

Excerpted from The Complete Idiot's Guide to Common Household Disasters © 2005 by Paul Hayman and Sonia Weiss. All rights reserved including the right of reproduction in whole or in part in any form. Used by arrangement with Alpha Books, a member of Penguin Group (USA) Inc.

To order this book visit Amazon's web site or call 1-800-253-6476.


stay connected

Sign up for our free email newsletters and receive the latest advice and information on all things parenting.

Enter your email address to sign up or manage your account.

Facebook icon Twitter icon Follow Us on Pinterest

editor’s picks

get ready for school!

We’ve got your
shopping list,
lunch menu,
and more.

GO

highlights

Join BIC on our mission to save handwriting and Fight For Your Write! Writing helps kids become better readers, boosts their confidence and sparks their creativity. Visit BICFightForYourWrite.com to sign our petition to save handwriting!

7 Tips for Reading Aloud to Babies & Toddlers
The AAP advises reading aloud to babies and toddlers because it boosts brain power and has many other benefits. Get some tips for making the most of story time with your tot!

Kindergarten Readiness App Wins Gold
Our Kindergarten Readiness app won the Gold Award of Excellence in the educational category at the 2014 Communicator Awards. This valuable checklist comes with games and activities to help your child practice the essential skills she needs for kindergarten. Download the Kindergarten Readiness app today!

How to Survive Summer Boredom
When the kids are home all day, every day, summer boredom strikes hard and fast. Learn the best summer boredom busters and tips for surviving until September.

12 Birthday Party Favors that Won't Get Thrown Away
The next time you're planning a birthday, forgo the penny candy and cheap toys. Send your guests home with one of these fun and creative party favor ideas!