If you own a home in Arizona, you are going to need home insurance. However, you need to be familiar with what your insurance policy covers. The professionals at Precision Insurance Team, an insurance company that serves the residents of Mesa, AZ, understand that a lot of homeowners don’t understand what is and isn’t covered until it is too late, which means a loss has already occurred.
So, What Does Homeowner’s Insurance Cover?
As a general rule, homeowner’s insurance will cover any kind of damage that occurs as a result of thunderstorms, hail, lightning, theft, and vandalism. Any kind of damage your home sustains due to a flood or earthquake is typically not covered. However, you can protect yourself and your home from this type of damage by purchasing additional and separate coverage.
What Type of Coverage Is Offered by Homeowner’s Insurance Coverage?
In the event that you do sustain damage from one of the covered events outlined in your policy, what kind of coverage can you expect?
Dwelling Coverage
This type of coverage will pay to either repair or rebuild everything in your home. Because these costs can be exorbitant, you need to sit down with an insurance agent to make certain you have the proper coverage limits to repair/rebuild your property.
Additional Structures Coverage
This type of coverage pays to repair or replace other structures on your property, such as a detached garage or shed.
Personal Property Coverage
This type of coverage covers your personal property up to a certain amount in the event it’s damaged or destroyed in a policy covered event.
Liability Coverage
This type of coverage covers your personal property and will cover legal defense costs in the event legal action is taken against you after someone is hurt on your property.
Loss of Use Coverage
This type of coverage covers your living expenses in the event you must stay somewhere else, such as a hotel, while your home is being repaired or rebuilt.
Visit or call Precision Insurance Team to learn more about homeowner’s insurance and what options are available to Mesa, AZ homeowners.
