Home Page (opens in new tab)
Kartsonas Agency, Inc.
- Auto, Home, and Personal Insurance
- Business Insurance
- Life Insurance
Natural disasters can wreak havoc on a home – or destroy it entirely. Homeowner’s insurance provides financial protection against covered damages to your home and personal belongings, and liability for injuries to others in certain circumstances. No home insurance policy covers all natural disasters. It is important to understand the type of policy you have and which disasters it covers.
Standard home insurance policies cover a range of disasters:
The most basic type of homeowners insurance is an HO-1 policy, which limits coverage to the home itself, appliances, and attached structures, for damage caused by:
HO-2 policies, known as broad form homeowners insurance, cover personal belongings, as well as everything covered by HO-1 policies. In addition to the perils listed above, HO-2 policies typically cover:
HO-3 is the most standard type of homeowners insurance. This type of policy covers everything covered by an HO-2 policy, plus additional living expenses and medical payments, and some liability coverage. These are usually open peril policies. This means the structure of the home is covered for any type of damage, except exclusions named in the policy. Typically, personal belongings are only covered for named perils with an HO-3 policy.
A few natural disasters are not covered by homeowners insurance, including the following:
Your home is one of your largest financial investments. It is important to have the right homeowners insurance to protect that investment. Our friendly agent will be happy to help ensure you have the coverage you need.Filed Under: Personal Insurance | Tagged With: Homeowners Insurance, Personal Insurance