The Standard HomeOwners Policy – What is covered (Part 1 )
Homeowners Policy is the most basic form of home insurance and it covers four areas. The House Structure itself, all your belongings within that house, Liability protection and coverage for additional living expenses when something forbids you from living in your home. The first coverage area means that the insurance company would pay for the repair or rebuild of the house in case of fire and any other disaster listed in your policy. The next covers your belongings say they are stolen so the insurance pays for that stolen item based upon it�s face/assessed value. The next two we will discuss further in the next post to give you a better understanding of their provisions.