What Does Home Insurance Cover?

Home insurance covers damages from perils such as fire, lightning, vandalism, and wind. Other dangers such as earthquakes, floods, and hurricanes are covered by a combination of your home and auto insurance. 

While everyone needs insurance, not all types of insurance are suitable for everyone. Reach out at Attain Insurance in Fort Payne, AL to learn more.

What Much to Know  

Your home is generally not covered against earthquakes, floods, or tornadoes. If you live in an area prone to natural disasters, such as the West Coast, you may want to purchase a policy covering earthquakes, flooding, and wildfires. 

If your home is worth $150,000 and you have $5 million of artwork hanging on the wall, your home insurance won’t cover a fire that burns a single painting. If you buy a new car worth $50,000 that you later sell for $20,000, your possessions will likely be worth less than they were when you bought them. 

Depending on your situation, you may want to invest in additional coverage to protect your home from significant financial losses. This can be critical if you own a business or have large investments. While your home is likely to be your largest asset, you can protect it with various insurance options. 

Home insurance may also cover lost wages if your home is uninhabitable during a covered event and may insure certain events that are not covered by other types of insurance, such as earthquakes. 

The insurance can also cater to structural components of your home, including the main structure, foundations, floors, ceilings, and walls. It can include home contents such as furnishings, electronics, and other valuable items that would be difficult to replace if damaged or stolen. 

Key Takeaways 

A home is a large investment, so it is vital to have a home insurance policy that will cover the costs of repairing or replacing your home in the case of a covered loss. For consultations in Fort Payne, AL, contact Attain Insurance.