What Homeowners’ Insurance Actually Covers

If you think that homeowners’ insurance only protects your Georgetown, TX house itself, StraightEdge Insurance Agency is happy to tell you that you have much more protection than you ever imagined. Read this blog to learn what homeowner’s insurance really covers – home damage, natural and man-made hazards, liability and the other structures on your property.

Yes, this insurance type covers your house itself from damage from named perils in your policy. A named-peril simply refers to reason damage could occur. Examples include fire, tornado, lightning strikes, hail, etc. If hail pummels your roof and causes damage – a hole perhaps – your homeowners’ insurance pays for the repairs.

If water gets inside from the hole in the roof, damaging the items inside the room, your homeowners’ policy covers the damage. You will be paid a flat amount for the items in the home that were damaged. You’ll normally be covered for about 10 percent of the policy’s home coverage.

You are also covered if your mother-in-law falls down the stairs while trying to escape the hail slamming into the home. She breaks her leg, but the HOA policy covers all of her medical costs. If also provides you with liability coverage in case she gets really angry and sues you.

Let’s say the same storm has copious amounts of lightning. Lightning strikes your detached garage, setting it on fire. Your HOA insurance covers that damage, too. The "other structures" clause covers the fences, driveway and other buildings on your property. Your barn gets coverage, too.

Call us at StraightEdge Insurance Agency of Georgetown, TX to learn more about your homeowners’ policy and when you might want to add coverage to it.