3 Things You May Be Surprised To Learn Your Home Insurance Covers
Posted on: 19 August 2022
Most homeowners are aware of the basic coverage that their home insurance offers. For instance, if their home is damaged in a fire, most homeowners are aware that their homeowner's insurance can help to cover the cost of repairing or even rebuilding their home. However, not all of the coverage that is typically offered by a standard home insurance policy is quite so obvious. In fact, there are some types of coverage offered by these policies that many homeowners never even realize they have. You can learn more about three of these types of coverage below.
#1: Coverage For Lodging Expenses
If your home is uninhabitable due to the need for major repairs, you may be forced to stay at a hotel or in a short-term rental until your home is safe for you to return. These lodging expenses can quickly add up. This expense can be difficult for many homeowners to keep up with when they still need to cover all the bills for their actual home as well. What many homeowners do not realize is that their home insurance can actually help to cover these lodging expenses. If you are displaced from your home as a result of repairs that are covered under your homeowner's insurance policy, you could get help from your insurance company to pay for any necessary lodging or other expenses while you are out of the home.
#2: Coverage For Items Stolen When Outside The Home
If a thief breaks into your home and steals your valuables, you probably know that you can file a claim against your homeowner's insurance in order to help cover this loss. However, did you know that you can also file a claim with your home insurance if these items are stolen out of your car or out of your gym locker? That's right, home insurance not only covers your personal belongings while they are in your home, but it continues to cover these belongings even when you take them outside of your home.
#3: Coverage For Spoiled Food
Power outages can easily result in the food inside your refrigerator or freezer spoiling. With the rising cost of groceries, this can easily become a significant financial loss in many households. What you may not realize is that many home insurance policies provide coverage for this type of loss. While the coverage is often limited to just a few hundred dollars, it can certainly go a long way towards helping to reduce the impact that an extended power outage has on your bank account.
For more information about home insurance, contact a local provider.
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