dearJulius.com

10 Things You Probably Didn't Know Home Insurance Covers

You might be surprised to learn just how much protection the typical homeowners insurance policy offers

10 Things You Probably Didn't Know Home Insurance Covers

By Maryalene LaPonsie, Money Talks News

Most people understand that their homeowners insurance will pay if a tree lands on the roof or the garage goes up in flames. However, many policies cover a number of other losses that you may not expect.

Of course, it goes without saying that every insurer is different, and you should check your policy to determine what coverage you have specifically. When you do, you may find you have coverage for the following things.


1. Terrorist attack

As long as the U.S. isn’t at war, your insurance company should pay for any damages caused by a terrorist attack.

Most insurers specifically exclude acts of war, but an isolated event that results in fire, smoke or other damage to your property should be covered under your policy’s standard provisions.


2. Dorm room contents

When your son or daughter moves to college, your home insurance may protect their possessions as well. But that’s only if they live in a dorm, as we detail in “3 Types of Insurance Every College Student Needs.”


3. Your lawn and landscaping

If someone drives over your yard and tears up the grass, your insurer may pay to fix the damage, says Mike Crowe, founder and CEO of Clearsurance, an insurance review and ratings website.

That’s because trees, plants and shrubs are generally covered by standard homeowner insurance policies. The Insurance Information Institute says plants are generally covered up to $500 per item as long as they are not diseased and have been properly maintained.


4. Marijuana plants

Surprise. Marijuana plants may also be covered by your insurance policy.

Depending on the insurance company and the state law, marijuana plants may be treated the same as shrubs and other plants, Crowe says.


5. Stolen goods

Speaking of personal possessions, if you have belongings stolen far from home — anywhere — a standard homeowners policy should cover the loss.

“People assume if something is stolen from their car, it’s covered by car insurance,” Crowe says. “It’s not.”

Instead, it’s a home insurance policy that will pay.


6. Falling objects

A Michigan couple were surprised to find a Samsung satellite had landed in their yard this past October. While it didn’t cause any damage, if it had hit their house, their insurer likely would have picked up the tab for any repairs.

The Insurance Information Institute says falling objects — from satellites to asteroids — are covered under most standard homeowners policies.


7. Drones

Speaking of falling objects, your homeowners policy could come to the rescue if your drone drops from the sky and hits someone.

The liability portion of your plan may provide coverage if you injure someone or are sued for inadvertently invading another’s privacy, the Insurance Information Institute says.

However, don’t plan on your home insurance paying if you are purposely trying to peep on people.


8. Items in storage

You might assume your home insurance only covers the items in your house. However, standard policies typically cover your personal belongings, including things that are kept offsite, such as in a storage locker or unit.

Some companies limit coverage for items in storage to 10% of your personal belongings coverage, according to the Insurance Information Institute.


9. Spoiled food

If your power goes out and all the food in your freezer goes bad, you may be in luck.

Insurance companies may replace food that spoils as the result of a covered peril, Allstate notes. That means that if a tree takes out a power line, you may be able to file a claim for rotten food. But if the electricity gets turned off for nonpayment, you won’t see a dime.


10. Unauthorized credit card purchases

Given that many credit cards offer cardholders zero liability for fraud, your homeowners insurance coverage for unauthorized purchases may not be necessary. Still, it’s nice to know your insurer will pay up to $500 to cover unauthorized credit card charges, according to the Insurance Information Institute.
See more at Money Talks News

COMMENTS



|Featured Content_$type=three$c=3$l=0$m=0$s=hide$rm=0


Made with in NYC
Name

Bills to Pay,40,Bitcoin,1,Companies,4,Cryptocurrency,1,Entrepreneurship,1,Featured,12,Features,12,Home Improvement,2,Insurance,7,Investing,21,Markets,17,Money,3,Personal Finance,196,Real Estate,91,Retirement,20,Save Money,16,Saving and Spending,5,Small Business,188,Startup,1,Taxes,22,Top Stocks,2,
ltr
item
Finance Magazine: 10 Things You Probably Didn't Know Home Insurance Covers
10 Things You Probably Didn't Know Home Insurance Covers
You might be surprised to learn just how much protection the typical homeowners insurance policy offers
https://1.bp.blogspot.com/-wkegMjedYmU/XhFY9e3xueI/AAAAAAABtKE/5TM9NGjE2d4fSRBvvsoPjquREY-wqQA9wCNcBGAsYHQ/s1600/Home%2BInsurance.jpg
https://1.bp.blogspot.com/-wkegMjedYmU/XhFY9e3xueI/AAAAAAABtKE/5TM9NGjE2d4fSRBvvsoPjquREY-wqQA9wCNcBGAsYHQ/s72-c/Home%2BInsurance.jpg
Finance Magazine
https://finance.dearjulius.com/2020/01/10-things-you-probably-didnt-know-home-insurance-covers.html
https://finance.dearjulius.com/
https://finance.dearjulius.com/
https://finance.dearjulius.com/2020/01/10-things-you-probably-didnt-know-home-insurance-covers.html
true
2765933497744639011
UTF-8
Loaded All Posts Not found any posts VIEW ALL Read More Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy