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Homeowners insurance typically covers your dwelling, other structures on your property, personal property, personal liability, medical payments to others, and loss of use costs. Payment for damages depends on if a covered peril caused the loss and the homeowners insurance coverage limits on your policy.
Homeowners insurance policies generally cover destruction and damage to a residence's interior and exterior, the loss or theft of possessions, and personal liability for harm to others. Three basic levels of coverage exist: actual cash value, replacement cost, and extended replacement cost/value.
Is home insurance required? The law doesn't require you to have home insurance. But if you still owe money on your home, your lender will require you to have it. Even though it's not legally required, home insurance is a good idea because it helps protect your home and other assets.
5 Things That Are Not Covered by a Standard Homeowners Insurance Policy Floods. Earthquakes. Home businesses. Everyday wear and tear. Home neglect.
Dear [INSURANCE COMPANY], Please send me a complete and certified copy of my homeowner's insurance policy, including all declarations, endorsements, riders and/or changes to the policy, which would affect coverage at the time of the above-noted loss.
Dwelling insurance will cover you up to the limit of your policy. Your home's structure includes the roof, foundation, floors, doors, windows and walls. Dwelling coverage also generally extends to any attached structures, such as garages, porches, decks, and built-in appliances and fixtures.