9 Unusual Things Homeowners Insurance Covers
What secrets could your homeowner’s insurance cover?
The homeowner’s insurance policy is designed to cover repairs to your home if damaged. It also covers liability insurance if someone is injured while on your property.
It’s easy to comprehend.
A standard homeowner’s insurance covers specific things. It is possible that you are not aware of these coverages.
We take a look at 10 different items that homeowners insurance might be able to cover*.
1. Dog Bites
Dogs bite approximately 4.5 million people annually, According to the Centers for Disease Control. About one-third of claims from homeowners result from dog bites.
If your dog bites another, then the liability portion of your insurance policy is designed to cover you in case you get legally liable.
“Homeowners and renters insurance policies typically cover dog bite liability legal expenses, up to the liability limits (typically $100,000 to $300,000),” according to the Insurance Information Institute.
Be aware of your policy. Certain carriers do not provide insurance for certain breeds of dogs. Other pages may ask you to sign liability waivers when you own a particular breed dog, for example.
2. Space debris and falling meteors
What is the likelihood that your home could be damaged by debris or a meteor falling off the sky? It’s not a lot, but it’s occurred before. Your homeowner’s insurance will cover the possibility of such damages.
The coverage also covers your vehicles. If your car is struck by an object that falls, you will have the damages that can be compensated.
3. Damage caused by planes and automobiles
Sometimes planes crash into residential areas. This could result in injuries or property damage. If a vehicle loses control because of bad weather, inattention, or a lack of concentration, it may veer off the road and strike the house.
Injuries and damages from cars or planes are covered under most homeowners insurance policies.
4. The risk of accidents can be high while you’re away
Let’s suppose you’re on vacation and you’re attacked by someone who breaks into your car and is able to steal something. Another person may also injure you while you are on holiday. Your homeowner’s insurance policy could cover damaged or stolen objects, even if they were not within your home.
Your homeowner’s liability insurance will also cover you in case you injure someone else while you’re away from your home.
5. The kid’s dorm room
The homeowner’s insurance covers anything that gets stolen from your child’s dorm room. Your possessions are protected even if your child is not at home with you.
There are a few requirements:
- They must be an active student
- They have to be living on campus
- They must not be over the age of 26. They must be under the age of 26.
6. Stolen identity
It is a huge issue that impacts millions of people across the United States. According to a 2019 Identify Fraud Study study, around 14.4 million individuals have been the victims of fraud. The cost of identity theft doubled between 2016 and 2018.
Certain homeowner’s policies offer insurance to cover costs related to identity theft, including attorney fees, lost wages and charges associated with refinancing loans when you were refused due to your credit score information.
7. New regulations have forced upgrades to software
Local governments usually adopt city ordinances, meaning you’ll need to modify your home to remain “up to code.” You may have to make improvements to your property or in your home. The homeowner’s insurance typically covers any upgrades, so search for coverage for ordinances in your insurance.
8. Damage caused by riots, bombs and explosions
You may never find a bomb in your home. However, gas leaks can trigger an explosion. Some riots can break out within your community. These violent situations can cause fires and damage to property and windows that have been broken in stores and homes.
After a natural catastrophe, several communities have no power or sense of police activity. This is exactly the kind of situation that encourages thieves to break into and steal items from stores and homes.
Your insurance policy can pay to replace or repair damaged or stolen objects.
9. Earthquakes and floods
It’s important to remember that the majority of homeowners insurance policies don’t protect against earthquake or flood damages. Some require a separate policy for wind damage caused by tropical and/or hurricane. Some states might provide coverage for damages caused to vehicles if they have comprehensive insurance.
