What Perils Are Covered by Homeowners Insurance?
Ensuring that your home and all that it provides shelter for – your family, your pets, and your personal possessions – are protected from the dangers of the outside world is a three-step process.
First, it’s important to learn about the common perils that could affect your home. Then, you want to make sure you have a good understanding of how your home insurance will cover you in the event you are a victim of any of these catastrophes. Finally, it’s critical to be aware of any coverage limits or exclusions for each peril since these details can significantly impact your level of protection and the outcome of any claims.
To help you safeguard your loved ones and your property, it also helps to have a local and highly knowledgeable professional, like Gilbert Insurance, on your side. Our team is dedicated to educating you about your home insurance coverage, sharing valuable facts and insights about the most common perils that strike homes, and providing information on what is and isn’t typically covered by your policy.
As you can see, the perils coverage in your homeowners insurance policy, much like your own home, is a complex structure. While the information provided here should give you a good head start to understanding the most common homeowner exposures, and how your home insurance can help you recover in the event that one of these catastrophes does happen, there are many other important pieces to the coverage puzzle to be aware of.
For one, it’s important that you know what your specific home insurance policy limits are as well as your selected deductible amount. Most of the perils listed in your home insurance policy, including all the named ones above, will be covered only up to a set limit. This limit is based on a percentage of the total amount of insurance you’ve selected for your home. In addition, should you ever need to file a claim for losses resulting from a covered peril, you will be responsible for paying your home insurance deductible first before receiving any payout from your insurer. This deductible typically ranges between $500 and $2500.
If you have questions, concerns or feel like you want to dig deeper into the details of your own specific home insurance coverage, then the team at Gilbert Insurance would be more than happy to walk you through this process. Since our establishment in 1951, we have helped thousands of homeowners just like you address all of their home insurance needs. Contact us today to set up a free consultation with one of our local, experienced professionals.