What Are The Covered Perils In A Homeowners Insurance Policy?

Getting a homeowners insurance policy is a way for you to protect your home at all costs if something goes wrong. However, what exactly does this mean? There are various types of policies with certain limitations, but a standard homeowners insurance policy is designed to cover damages caused by certain incidents, or, as the industry calls it, perils. Here are some of the most common perils covered by most homeowners insurance policies.

Fire and Smoke Damages

Your home and other structures like a shed or your garage are typically protected in the event of a fire and smoke damages. If your family needs to live somewhere else for the time being, a home insurance policy usually helps with the expenses, if not, reimburse all of them.

Lightning Strike

This is covered by most homeowners insurance policies. There are some insurance companies that extends protection against power surges during a lightning strike. You can also get coverage for your damaged appliances if it’s stated on your policy.

Wind Damages

Damages from heavy winds and/or tornadoes is usually included in the list of covered perils on your policy. Some policies also include damages due to hail, or rain or snow that gets into your house after storm damages.

Damages from Explosions

You never know when something can explode within or around your house. It can be from a spray can or your grill in the backyard, but the bottom line is that it can cause severe damages to your home. The damages that result from explosions should also be in the list of covered perils in a standard homeowners policy.

Malicious Acts and/or Vandalism

These acts can cost you a lot of money to repair or erase from your home, but is also very common nowadays. Depending on your policy, the rebuilding or repair costs should also be covered. If there are any damaged possessions, they are typically replaced by the insurance company.

Damages from Aircrafts or Vehicles

As a homeowner, you’d never want for a plane or vehicle to ram into your home putting you and your family at risk. However, these events do happen from time to time and the damages are usually covered by your homeowners policy. If you live near a highway where there are many vehicles that pass by, you definitely should consider getting coverage for this.

Theft of Personal Property

This is something that you should be protecting yourself, your family and your home from. In the event of an intruder breaking into your home, you need to have peace of mind that anything stolen can be replaced. Luckily, most homeowners insurance have coverage for personal property. However, there are certain limitations that you need to review on your policy and ask your insurance agent about.

At Insurance Of the West, our mission is to ensure that our agents protect our clients and offer them policies that they can afford. Learn more about our products and services by calling our main phone number at (425) 681-0996 or Click Here to request a free quote.

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