Homeowners insurance is a policy that not only protects your home, the structures on your property and their contents, it can also provide liability protection for accidents that occur on the property or damages to someone else’s property. Most policies will carry coverage for a broad spectrum of threats such as from fire, weather, theft and damage from falling objects. While this list of known perils is extensive, you need to understand the realm of what is covered and what isn’t. For instance, while the policy may cover damage from failing plumbing, it won’t cover flooding from a weather event. The agents at Colling Insurance Services, Inc. know the Lakewood, CO area well and are able to help you understand the policy’s protections.
While the homeowner’s policy will cover the house, it will also cover other structures on the property such as a garage or toolshed. The policy also covers your personal belongings such as clothing, furniture, computer equipment, jewelry, etc. The personal belongings category also includes plants that are damaged on the property with the exception of disease or high winds. If you have collections of valuables such as firearms, jewelry or artwork, you should discuss this with your agent to ensure that you have enough coverage. If your home is deemed uninhabitable because of a disaster, the policy will provide you funds for additional living expenses such as hotels and restaurants while your home is being repaired. Lastly, it should be noted that the policy will provide liability coverage. This covers medical expenses and legal fees should someone have an accident on the property and decide to sue.
Following a disaster, the right insurance helps you recover quickly. In the Lakewood, CO area, visit Colling Insurance Services for all of your home insurance needs.