Name: Here’s What You Need to Know About Homeowners Insurance
Uploaded: 2017-01-10
Duration: 1 min 18 s
Description: What it covers and what it doesn’t

Homeowner's insurance offers financial protection and peace of mind, but there are limits to what and how much is covered under your policy. Damage from wind, hail, fire, theft or vandalism falls under dwelling coverage, but earthquake Or flood damage is often excluded from most policies. In the event of a total loss, be sure your policy includes the cost of rebuilding your home. Including current figures for building materials and labor, which may be higher than your home's resell value. Your personal items like your wide screen TV and your clothes are all covered but they're maybe limitations to how much you can claim. Take out a personal property endorsement or " floater" on more expensive items like jewelry, furs or that rare art collection. Your policy should cover detached structures such as a garage Pool or gazebo and coverage is usually limited to 10 % of the dwelling limit. Trees and shrubs are covered under most plants, up to a certain amount but not if they're damaged by wind or disease. Slips, falls or even a blall liability protection covers you, your family and even pets against lawsuits for bodily injury or property damage. [ MUSIC ] These things can happen on your property or on someone else's. Coverage usually starts at $ 100, 000. For more homeowner tips, visit Gobankingrates. com.