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
Riot or civil commotion
Damage caused by aircraft
Damage caused by vehicles
Vandalism or malicious mischief
Breakage of glass that is part of the building and damage caused by that breakage
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
More on: Home Improvements
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.
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