![]() ![]() Liability coverage protects you from claims made by other people. If you have a lot of valuables (art or antiques, fine jewelry, designer clothes), you can pay extra to keep them, buy a rider to cover them, or buy a separate policy. For example, if your home is insured for $200,000, your property will be covered for approximately $140,000. ![]() According to the Insurance Information Institute, most insurance companies pay between 50% and 70% of your home insurance. However, there may be limits on how much your insurance company can reimburse you. You can also find foreign jewelry to make lost jewelry, no matter where in the world you lost it, say. Closed windows, sheds or other household items may also need to be covered separately, using the same rules as for the main house.Ĭlothes, furniture, appliances and other things in your home are covered if they are damaged by an insurance accident. Damage or injury from floods, earthquakes and poor home maintenance are often not covered, and you may need a separate rider if you want this type of protection. In the event of fire, hurricane, lightning, vandalism or other covered disasters, your insurance company will reimburse you for repairs or rebuilding of your home. ![]() 6 How Long Does It Take To Sell A Property In Your Area? How Long Does It Take To Get Homeowners InsuranceĪlthough it’s always flexible, homeowner’s insurance has certain factors that determine how much the insured will pay. ![]()
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