What Does My Homeowners Insurance Cover?

Although homeowners insurance can differ depending on the coverage and region you live, below we have a list of the basics that are protected by your homeowners insurance policy.Homeowners insurance is one of those things that you probably don’t look forward to paying. That’s because it’s not something you can pay for only when you need it. Unfortunately, homeowners insurance doesn’t work that way, but it is an invaluable asset to protect your home and personal property from storms, theft, injury and more. Let’s face it, your home is likely your most valuable financial investment. Although homeowners insurance can differ depending on the coverage and region you live, below we have a list of the basics that are protected by your homeowners insurance policy.

Protects Your Home

The basic and most obvious thing that homeowners insurance covers is your home. But it’s not always clear exactly what is covered. If your home is damaged or destroyed by a fire, storm, theft or vandalism, your homeowners insurance policy should help cover the costs of damages. One of the most common things that is damaged during a storm is your roof. According to HomeAdvisor, the average homeowner spends about $6,600 to replace a roof. With homeowners insurance, you only pay the deductible, potentially saving you thousands of dollars. It is important to note that things like earthquake or flood may require the homeowner to have a separate policy. Talk with a Colonial professional about what is covered under your current policy.

Temporary Housing Costs

If your home becomes damaged and is not in a livable condition, your homeowners insurance will cover your shelter costs. So if you have to stay in a hotel while repairs are being made, you won’t be expected to pay out of pocket. This can potentially save you hundreds or even thousands of dollars if the damage requires you to spend significant time away from home.

Personal Property Inside the Home

Another thing that is often covered under your homeowners insurance policy is the property inside your home. If your things become damaged or stolen, you likely won’t be on the hook to replace them. It’s important to keep an inventory of your items should something happen to them. Things like expensive electronics, jewelry, appliances and furniture would be very expensive to replace without insurance.

Other Structures on the Property

Your homeowners insurance also covers other structures on your property should they become damaged or destroyed. This includes detached garages, barns, utility sheds, fences and more.

Liability Protection

Did you know that if someone is injured while visiting your home, you would be liable for any medical costs? It’s not something that we think about often, but it could happen. Medical bills can become expensive quickly. Lucky for you if something were to happen, your homeowners insurance will likely cover medical costs and other expenses related to the injury.

Contact Colonial for a Quote Today

Your home is likely your largest financial investment, so it makes sense for it to be well protected. Colonial’s insurance affiliates offer competitive homeowners insurance coverages. Visit GoColonial.com to get an online quote today, or give us a call at 817-390-2300.


Related Article: In hard-to-reach places, or even places that you often overlook, mold can easily develop. Learn How to Prevent Mold in Your Home.


Related Articles

3 Responses to “What Does My Homeowners Insurance Cover?”

  1. My husband and I are thinking about buying our first house and we are trying to figure out what kind of homeowner’s insurance we need since we’ve never needed it before. I appreciate that you mentioned that it’s smart to keep an inventory of the things you have inside your house because your policy can cover those too. We’ll have to talk to a professional to find out more about which policy would be best for us and remember to keep track of all of the things we have in our home too.

  2. I’ve been planning to buy a residential house, therefore, I’m also considering to purchase home insurance. I’m glad you shared this because I never knew that home insurance will also cover any of my stolen or damaged items. It’s also great to know that this type of insurance will pay for the medical bills of a person who got injured within the vicinity of my home.

  3. Thanks for explaining that home insurance generally covers temporary housing costs. My brother needs to choose home insurance soon. This info should help him decide what questions to ask when choosing coverage.

Leave a Reply