The laws vary from state to state regarding the minimum coverage that a home insurance policy can provide. If you are shopping for insurance it is critical that you thoroughly read through the policy to fully understand what kind of coverage you will have. However, there are some basics that you should expect no matter how minimal the policy is.
Different Things That Can Cause Damage To Your Home
The policy should cover about 10 different things that could cause damage to your home. This typically includes any damage that results from a fire. This should not only be the damage to your physical home, but property as well. This also should include the damage from the water that is used to extinguish the fire. You should, however, be sure that this is all included and read the fine print to check for any exclusions that may exist.
A basic policy should also cover any damage that results from weather conditions. One of the main things that may be excluded, depending on where you live, id damage from flooding. You may have to pay more to have this included in your policy, or the company may decline to offer this if it is allowed by law and your reside in a known flood plain. Outside of flooding, however, you should be protected from damage caused by hail, windstorms, lightning and possibly more. Again, it is important to check to be sure what is covered.
Home Insurance Policy Cover
Almost every state requires that a home insurance policy covers you in the event of any type of civil unrest or riots. This would be activity that involves groups of people causing damage to property as a means of protest. For example, you may not be covered against a natural flooding from heavy rains, but if an individual or group were to open a fire hydrant, leading to water flooding into your home, that would almost definitely be covered.
In most areas it is required that the insurance cover damage from cars, planes and trucks. Knowing the particular laws in your area can help you to determine if you need to add any additional protection in your policy above what is required by law.
Knowing what to look for in a home insurance policy is an important aspect of ensuring you have the right level of protection. A basic policy may be sufficient, but it is important to consider what type of loss you can recover from without coverage. Take the time to consider your needs before you decide what level of coverage you need. For more information visit here at www.mymeridianinsurance.com/home-insurance-knoxville-tn