My homeowners’ policy covers that?

Most homeowners purchase a standard homeowners’ insurance policy and rarely take the time to read it after they receive it from their agent.

They may skim it to determine what kind of coverage exists if their contents are lost or stolen, or if their hot water heater leaks, but most don’t give it a thorough review.

The Insurance Information Institute says that homeowners’ insurance provides coverage for the structure and contents (personal belongings), and additional living expenses if the home is unlivable because of a covered disaster like a fire, as well as liability protection against lawsuits, damage or injury family members or pets may cause to others.

As a homeowner, you probably think you have a pretty good idea of everything that your insurance policy covers. You might be (pleasantly) surprised to find that the policy actually covers more than just the run-of-the-mill accidents.

Here are some examples of other coverage that may be available under your policy. Granted, every policy is different, so make sure to read your policy or talk with your broker to verify what coverage actually exists.

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