A homeowners insurance policy protects your house, belongings, and property by covering the cost of repairs or replacement in the event of damage, destruction, or injury on your property. The coverage includes dwelling protection, coverage for personal items, coverage for other structures, and personal liability protection.

Different Insurance Policies Protect Different Aspects of Your Home and Property

To mention a few:

• Dwelling coverage protects your home and any structures that are attached to it, such as a garage.
• Other structures coverage protects structures on your property that are not connected to your house, like sheds or fences. 
• Personal property coverage helps cover the contents of your home, like furniture, clothing, and appliances. 
• Liability coverage is there to help if you are sued after someone gets hurt on or off of your property. It will help cover your legal defense and court judgments up to the policy limit.

What It Doesn’t Protect Against

Homeowners insurance typically safeguards your house and personal belongings within it. However, certain losses are usually excluded from the standard coverage.

• Regular wear and tear
• Pest damage
• Damage caused by poor maintenance, negligence, and intentional acts is also excluded from coverage

Additional Homeowners Insurance Coverage Policies

Some brokers provide additional coverages that you can add to the main policy to give more protection:

• Personal injury rider: Libel or slander insurance helps protect you from potential financial losses if someone files a lawsuit against you claiming that you damaged their reputation through false statements or accusations. The insurance helps cover the costs of defending yourself in court and any damages you may have to pay out.
• Identity fraud rider: This policy pays out if you suffer a financial loss due to fraud or identity theft, covering things like lost wages, legal expenses, and out-of-pocket expenses up to a certain limit as specified in your policy.
• Equipment breakdown rider: This protection covers the expenses for repairing or replacing appliances and electronics with mechanical or electrical defects. It does not cover the expenses for items damaged from normal wear and tear. 

Additionally, this service allows you to upgrade your equipment to a more energy-efficient or eco-friendly model, with the company offering up to 125 percent of the replacement cost.

In Closing

Homeowners insurance helps protect you and your possessions if something unexpected happens, like a storm damaging your house or a fire destroying it. It can protect you from the cost of repairing or even rebuilding your home. This policy insurance gives you peace of mind knowing that you can get back on your feet if the unexpected happens, so avail of one to protect your home today.

Simplify Insurance with The Oakley Agency

At Oakley, we simplify insurance through policies that protect your home, vehicles, family, and business so you can enjoy the simple life. Request a quote for homeowners insurance in Florence, AL, today by calling (256) 754-7100 or visiting our website!