What Is Typically Covered By Homeowners Insurance?

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   David G. Pipes, CLU®, RICP®

   Business Development Officer, T.D. McNeil Insurance Services, Fresno, California

   Typically a homeowner’s policy has several sections called “coverages.”  The first coverage is for the residence itself.  The second coverage is for related private structures located on the property, such as a shed, fence or swimming pool.  The third coverage is personal property and that is commonly called, “contents.”  The fourth coverage is for additional living costs and loss of rents should the residence become unfit for use.  The next coverage is normally personal liability which covers you if you are sued for bodily injury or property damage.  The next coverage is medical payments to others and provides limited medical care to an invited visitor who is hurt on your property.  There are other incidental coverages.

   Answered on April 23, 2014

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