Saving You Money For Life

The homeowner’s insurance policy was initially designed to protect a homeowner in the event of catastrophic damage or destruction of the home. Today, a typical homeowner’s policy goes well beyond paying replacement or reconstruction costs on the house. Homeowner’s insurance today almost always covers your personal property such as furniture, clothing, sports equipment and the like. If these possessions are damaged or destroyed during the damage to the house, they are insured as well – up to a limit.

Also included in the typical homeowner’s policy is liability coverage. This category of protection has little to do with the home, except in situations where the liability is incurred within the home. In that situation, the policy generally has a no-fault clause which provides that the injured party can submit medical bills to your insurance company without the need for legal action of any kind.

More after the jump…

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