If you’re trying to better understand your home insurance, you probably have a lot of questions that start with, “what is.” We can help you better understand your home insurance coverage, give us a call and test us.
If you want to learn this on your own, we have provided you a glossary of home insurance coverages that you should become familiar with. You can also review our home insurance FAQ’s to further your understanding.
Dwelling coverage pays for damage to your house and anything permanently attached to it, including your garage, roof, chimneys, attached deck, countertops, cabinets, flooring, vanities, etc.
Example: A pipe in your kitchen bursts and water damages your walls, cabinets, countertops, appliances, and hardwood floors. This then pays to repair or replace what’s damaged and water removal.
Other structures coverage includes unattached garages, gazebos, decks, patios, sheds, pergolas, fences, driveways, etc.
Example: During a windstorm, a tree falls and damages your shed, fence, deck, and pool. This then pays to repair or replace the structures that were damaged and tree removal.
Personal possessions covers just about all of your stuff if it’s damaged or stolen. This can include electronics, furniture, clothes, tools/power equipment, and more. Your items are even covered if they’re not stored in your home (sheds, garages, your car, storage facilities, etc.).
Example: Someone breaks into your car and steals your phone, clothes, and camping equipment. You’ll then get payment for those items, but there may be limitations on some of them.
Jewelry, art, memorabilia, computers, and other expensive items: Certain limits may apply to your more expensive items, but don’t worry, you can get additional coverage for jewelry and other expensive items. Just complete your quote, and we’ll guide you through adding the right coverage as you’re buying. Plus, we have licensed home insurance agents available to help.
You’ll never be left homeless. If your home is damaged from a covered loss (meaning something homeowners insurance pays for) and you can’t stay there, loss of use covers hotel, rent, and food expenses above what you’d normally pay.
Example: There’s a fire in your home, and you can’t stay there for two weeks. If you spend $1,000 eating out, loss of use will cover that food bill beyond what you normally spend, and your rent/hotel expenses. Make sure you keep your receipts.
If someone sues you or a family member you live with (for injuries or damage to their property), personal liability will pay for your lawyer, court fees, and certain damages you have to pay, subject to your policy.
Example: A delivery person slips and falls at your house and sues you for their medical bills, lost wages, and damaged merchandise. Or, your child spray paints your neighbor’s garage, and they sue you. Personal liability covers all of those instances.
Medical payments coverage pays for medical bills if someone else is hurt at your home or on your property.
Example: Your child’s friend breaks her arm at your house, and their parents ask you to pay the medical bill. Medical payments then covers the medical costs.
This coverage includes protection for medical expenses for persons accidentally injured while on your property. You do not need to be at fault to have coverage under Medical Payments. This coverage is not for you or for family members who live with you.
With this list you have a beginners understanding of the home insurance coverage offered by your typical homeowner’s insurance policy. You many want to better understand auto insurance coverage too, as you’re likely going to need both types of policies.
If you want to know more about the available home insurance coverage, or want a home insurance quote, give us a call or complete the form below and an IronPoint Insurance agent will contact you and begin the process.
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IronPoint Insurance Services is an independent insurance agency licensed (#0G87821) with the California Department of Insurance. We are authorized agents for many A+ rated Arizona, California and Utah insurance companies. We provide consumers with online, phone, and in-person insurance services through our insurance company relationships. IronPoint Insurance Services, LLC offers multiple insurance quotes to provide consumers several options for their insurance products. We offer auto insurance through Mercury Insurance Group, Travelers Insurance Companies, The Hartford, MetLife Auto & Home, and Progressive Drive Insurance. We are authorized insurance agents for these companies and do not charge any fees for our services. If an IronPoint insurance agent trys to charge you broker or agency service fees for representing these companies, please contact us immediately.