It’s always better to be safe than sorry. That’s why home insurance is so important for homeowners. But did you know that your home insurance may cover much more than damage to your home? People often don’t file claims on their home insurance because they do not know the fine details of their policies.
Here’s how your home insurance is offering you and your family more protection than you expect.
What’s Home Insurance?
Home insurance protects your property and its contents from damage or loss due to things like fire or theft. Although precisely what is covered varies from policy to policy, some commonly covered incidents include:
- Fire and smoke damage
- Damage due to weather events, such as wind, hail or lightning
- Water damage from internal sources
- Damage due to motor vehicles or aircraft
What Else Does Home Insurance Cover?
When Your Belongings Are Out of The House
All contents in your home are protected by your home insurance, even when they’re temporarily removed from your house. For example, if you lost some belongings while moving, you can still file a claim to cover the cost of your lost item.
When Your Children Leave the Nest
If your child is temporarily leaving home for post-secondary education, most of the items they take with them from home are covered by your home insurance. As long as your dependent has not permanently moved out of the home, your home insurance coverage still applies, even if they’re over 18. Even though items will most likely be covered, we do highly recommend investing in the tenant’s insurance. For students moving for school, it’s easy for things to go missing and you would want to keep your own claims-free record intact where possible.
When You Need Emergency Accommodation
As mentioned above, your home insurance will cover the cost of damages incurred due to specific incidents listed in the policy. It will also cover the costs of alternative accommodation if your home is deemed unsafe for living.
When You Have More Than A House to Protect
Most home insurance policies will also cover damage to fencing, landscaping or any outbuildings, for example, a shed or a detached garage. Just like the main house, if any damage happens to the independent structure or its contents due to insured reasons, you can file a claim (there are limits in the policy for these amounts).
When Accidents Happen
Home insurance policies usually include liability coverage in case someone gets injured on your property. If you have unintentionally damaged someone’s property, or if someone accidentally gets hurt on your property, your home insurance can help cover you against potential lawsuits. Liability coverage also includes damage caused by your pets; hence why some insurance companies exclude this clause if you have a particularly aggressive breed of dog, for example.
Protect you and your family today with Crosbie Job Insurance. From auto insurance to home insurance, we offer customized insurance options that will maximize your protection. So, if you’re looking for quality insurance for your home in St. John, Newfoundland, contact one of our trusted advisors today!