Your home is likely your most valuable asset, so it’s important to ensure it’s properly protected. A homeowner’s policy is one of the best ways to do this, as it can cover a wide range of expenses related to your home. But what exactly does a homeowner’s policy cover? Consult with Renee Oliver Insurance Agency Inc. in Silver Spring, MD for expert insurance advice on your homeowner’s policy. 

Here’s a look at some of the most common types of coverage:

1. The Structure

One of the most important things your homeowner’s policy will cover is the physical structure of your home. This includes the walls, floors, ceilings, and any other structural components. If your home is damaged or destroyed by a covered event, such as a fire or severe weather, your insurance company will help you pay to repair or rebuild it.

2. Your Personal Property

Another important thing that your homeowner’s policy will cover is your personal property. This includes things like furniture, clothing, electronics, and other belongings. If your personal property is damaged or destroyed by a covered event, your insurance company will help you pay to replace it. However, there are usually limits on how much coverage is available for personal property, so it’s important to check your policy to see what those limits are.

3. Living Expenses

Some homeowners’ policies also cover living expenses in the event that your home is uninhabitable due to a covered event. This means that if you have to stay in a hotel or rent an apartment while your home is being repaired or rebuilt, your insurance company will help you pay for those expenses.

4. Liability Coverage

Liability coverage is another important part of a homeowner’s policy. This coverage will help protect you if someone is injured on your property or if you’re sued for damages. If you’re found liable, your insurance company will help you pay for the damages you owe.

Give Us A Call

These are just a few of the things that are typically covered by a homeowner’s policy. To ensure you have the coverage you need, contact Renee Oliver Insurance Agency Inc. in Silver Spring, MD. We’ll be happy to help you find the right policy for your needs.