Homeowners insurance covers much more than the building you sleep in, although that is one important component. Your home insurance policy also protects your belonging, your family and anyone that comes into your home. Here are some of the key items you should look at when selecting a homeowners insurance policy.

Structures

“Dwelling” provides coverage for the primary residence on your property, along with any other structures that are physically attached to your house. Structures that are not physically attached, such as a detached garage, storage shed or guest house, are addressed under “other structures.”

Personal Property

The “personal property” section of your policy provides protection for all your belongings. If you were to take your home, turn it upside-down and shake it, most of the things that fell out would be considered a personal belonging. There may be exceptions in your policy for expensive jewelry, firearms and electronics. Boats and vehicles are not considered personal property, even though one might fall out of your garage.

Personal Liability

“Personal liability” comes into play when someone sues you. Anyone injured on your property may claim you were negligent. Your personal liability coverage, or the “medical payments” component of your policy, would provide protection in this case.

Loss of Use

In the event of an emergency, you may temporarily lose the use of your home. In some cases, such as a large fire, you may be unable to use your home for several months. “Loss of use” reimburses you for lodging and meals during this time.

Understand Each Component

Home insurance is a complex amalgamation of multiple different types of coverage. If any one of these are unclear to you, consult with one of our insurance agents. They are familiar with the different types of coverage available in Pennsylvania and how each component is applied in different scenarios.