What does homeowners insurance cover?
Homeowners insurance should contain all of the following coverages: structural coverage, content coverage, personal liability, and loss of use. Each of these coverages is vital in the event of a claim.
Structural coverage protects not only your home but any other structures on your property such as barns and sheds. Content coverage provides coverage for the personal belongings that may be damaged in an accident. Every policy is different, and the contents of your home will determine whether standard content coverage will be sufficient. In some cases, you may need to purchase additional riders for high-value items above a certain value threshold.