Five Things Your Homeowners Insurance Can Cover

Imagine your homeowners insurance as an iceberg. What you see—coverage for fires, burglaries, and such—is just the tip. Beneath the surface, it stretches far and wide, shielding you in ways you wouldn’t expect.

Curious? Then join us as we dive deep and uncover five surprising things that homeowners insurance can cover. We hope there are lots of things in here that you didn’t previously know, so let’s get right into it—you could save yourself some serious money!

1. Personal Property Coverage Beyond Your Home’s Boundaries

Did you know that your homeowners insurance doesn’t just cover the structure of your home and the items within it? It extends its protective arms to your personal belongings, even when they aren’t within the confines of your home. So, whether you lose an item while traveling or if it’s stolen from your car or your workplace, your homeowners insurance can provide coverage.

This coverage typically includes everything from electronics and clothing to furniture and appliances. You might think of this aspect of your insurance as a bodyguard, always accompanying your valuables, wherever they might be. However, it’s important to note that this coverage is often limited.

For instance, your policy might only cover the loss of personal belongings up to a certain percentage of the total coverage amount. Plus, high-value items like jewelry, collectibles, or expensive equipment might have separate, lower limits. But overall, with this feature, your homeowners insurance helps protect the material investments you’ve made in your lifestyle, no matter where they take you.

2. Pet-related Incidents

The personal liability part of your homeowners insurance often extends to cover pet-related incidents. This means if your pet injures someone or damages someone else’s property, your policy might help cover the resulting costs. This could include medical bills if the person requires treatment or repair costs if the property is damaged. If the injured party decides to take legal action, your homeowners insurance could also help cover the legal costs.

But before you breathe a sigh of relief, remember to check the specifics of your policy. An insurance agency excludes certain breeds from this coverage or pets with a history of aggression. It’s important to discuss your pet’s coverage with your insurance agency to understand precisely what’s included and what’s not. Nevertheless, with this feature, your homeowners insurance can act like a financial shield, helping protect you from unexpected costs related to your furry (or scaly or feathery) friends.

3. Trees and Other Landscaping Features

Most homeowners insurance policies typically include coverage for damage caused to your home by a fallen tree. This doesn’t just cover the cost of repairs to your home but also the removal of the tree itself. This can be a lifesaver when considering that professional tree removal can cost hundreds, if not thousands, of dollars.

And it’s not just trees. Other landscaping features, such as shrubs and plants, are also often covered. Your policy might pay for their replacement if they’re damaged or destroyed by a covered risk, like a fire.

However, there are a few things to note here. If a tree was rotting and you neglected to remove it, any damage it causes might not be covered. Also, damage to trees and other landscaping features from certain risks, like wind or hail, might not be covered.

So while your homeowner’s insurance coverage can help protect your green assets, it’s important to understand the specifics of what’s covered and what’s not.

4. Additional Living Expenses (ALE)

The ALE, or Additional Living Expenses, part of your homeowners insurance, is designed to cover the extra costs you incur if a covered disaster forces you to live away from home. This could include hotel bills, restaurant meals, and other living expenses you wouldn’t have had to pay if you lived in your home.

The coverage typically continues until your home is repaired or rebuilt or until you reach your policy’s ALE limit. The key point here is the word “additional.” Your policy doesn’t cover all your living expenses, just the extra costs you incur because of the disaster.

For instance, if you usually spend $200 a week on groceries but now spend $400 a week on restaurant meals, your policy would only reimburse you for the extra $200. This is where keeping good records comes in. You’ll need to provide your insurer with receipts showing the extra costs incurred.

Despite this coverage’s limitations, it’s a crucial part of your homeowners insurance. It’s a safety net, ready to catch you if a disaster disrupts your life and forces you to find temporary accommodation.

5. Unusual Events – From Meteor Strikes to Airborne Mishaps

Life is unpredictable. At times, it can even verge on the bizarre. What if a meteorite crashes into your home? What if a neighbor’s drone goes haywire and crashes through your window?

While these scenarios might seem like they’re straight out of a Hollywood blockbuster, they’re not impossible. And your homeowners insurance could cover you for these strange and unexpected events.

These kinds of events are often categorized as “open perils” in the insurance world. Open perils is insurance-speak for any risk that isn’t explicitly excluded by your policy.

So unless your policy explicitly states that it doesn’t cover meteor strikes or rogue drones, you’re likely covered.

This shows how comprehensive your homeowners insurance can be. It’s designed to protect you not just from the risks you can predict and prepare for but also from the ones you can’t.

While it might be hard to imagine some of these strange events happening to you, it’s comforting to know that if they do, your homeowners insurance has your back.

Did You Learn Something New About Homeowners Insurance?

After exploring these five unexpected coverage areas, we can see that homeowners insurance is far more than just a policy. It’s a safety net, a bodyguard, a financial shield. It protects the house you love and the possessions you value.

It steps in to help when disasters upend your life. And it covers you against strange and unexpected risks you might never have thought to prepare for them.

So, next time you look at your homeowners insurance policy, remember—it’s more than just a document. It’s peace of mind. If you want to learn more about how we can help you, please don’t hesitate to get in touch.