What’s covered under home insurance?
Your home insurance will most likely cover the following:
- Damage caused by perils. The most common perils you might find listed on a home insurance policy are: fire, lightning, explosion, falling objects, impact by aircraft or land vehicle, riot, water, smoke, windstorm, hail, vandalism, theft, transportation of personal property, electricity, accidental glass breakage and collapse due to weight of snow, ice or sleet. You’ll have to review your individual policy for details.
- Living expenses should you have to leave your home due to damage and/or repairs.
- Liability if someone is injured on your property or if you damage someone else’s.
- Replacement costs of your personal property in your home or vehicle, or someone else’s damaged personal property if you’re found responsible for the damages.