Types of Coverage

Dwelling Coverage
This coverage protects the home’s physical structure, which includes the walls, roof, foundation, and any additional structures, such as a garage or deck. Dwelling insurance often protects against risks including fire, theft, and vandalism.

Personal Property Coverage
In the case of damage or theft, this coverage protects personal belongings such as furniture, clothing, and electronics. Private property coverage can be tailored to the homeowner’s unique needs and can include supplemental coverage for high-value things like jewellery or artwork.

Liability Coverage
This coverage protects the homeowner if someone is hurt on the property or if the homeowner is judged accountable for the harm caused to someone else’s property. Legal fees, medical expenditures, and damages won in a case can all be covered by liability insurance.

Additional Living Expenses (ALE) Coverage
This coverage pays for the costs of interim living arrangements if a covered loss, like a fire or natural disaster, prevents the homeowner from living in their home.

Medical Payments Coverage
This policy pays for medical expenses incurred by someone hurt on the homeowner’s real estate, irrespective of who is judged to be at fault.

Flood Insurance
This policy protects against flood damage, which is often not covered by ordinary homeowners’ insurance plans. Flood insurance is available as a separate policy.

Earthquake Insurance
This policy protects against earthquake-related damages, which ordinary homeowners’ insurance plans do not normally cover. Earthquake insurance is available as a separate policy.

Homeowners must understand their coverage alternatives and select the coverages that most effectively match their requirements and provide sufficient security in the wake of a loss.