Homeowner's Insurance Coverage You May Not Know You Have

Posted on: 17 July 2023

If your home catches on fire or is damaged in a serious storm, turning to your homeowner's insurance provider for help is likely to be your immediate response. However, if you are like many homeowners, you may not realize that your insurance policy also provides protection for some far less dramatic situations as well. Continue reading to learn more about some common types of coverage that homeowner's insurance policies offer that you may not even realize you are protected against.

The Cost Of Replacing Spoiled Food

If the power goes out for an extended period of time or if your refrigerator stops working due to mechanical failure, you could end up spending a pretty penny replacing all the food that spoiled as a result. What you may not realize is that you do not have to cover this cost all on your own. This is because many homeowner's insurance policies offer coverage for the cost of replacing spoiled food after a power outage or appliance failure. This type of coverage is typically limited to a specific dollar amount rather than being based on your actual losses. Consequently, you may still need to pay for a portion of the cost yourself if you lost a large amount of food.

The Cost Of Replacing Items Stolen From Your Vehicle Or Hotel Room

You may be aware that your personal belongings are covered by your homeowner's insurance coverage if these items are stolen from your home. However, what you may not realize is that this coverage continues to protect your belongings even if they are removed from your home. For example, items that are being transported in your personal vehicle or that are taken with you while on vacation will continue to be covered by your homeowner's insurance. Consequently, if these items are damaged or stolen while you are away from home, your insurance policy may cover the cost of repairing or replacing these items.

The Cost Of Temporary Housing

If you need to make major repairs to your home, you may require temporary housing until these repairs are complete. Whether this means staying in a hotel or renting an apartment for the short term, your homeowner's insurance policy may be able to help cover your lodging costs. Some policies will also provide a daily stipend to help cover other costs associated with being displaced from your home. These costs may include things such as dining out or additional fuel costs resulting from a longer commute.  

For more information about homeowner's insurance, contact a local company.