Home insurance provides coverage for the structure of your home and the valuables within it when the unexpected happens. If you have a mortgage, home insurance is not only a good idea – it’s also legally required. A good home insurance policy helps protect your possessions and your home and includes liability coverage to protect you financially if someone is injured on your property and sues you. Read on to learn more about the different types of coverage that may be incorporated in your home insurance policy. Greenwald Berk Agency, LLC, is a local insurance group that represents top insurance companies, so we can find you the right policy for your needs. If you live in Wilkes Barre, Kingston, or Scranton, PA, we’ve got you covered.
Also known as homeowner’s insurance, home insurance comprises several types of coverage, which are grouped into three main categories: dwelling coverage, contents coverage, and personal liability.
Dwelling coverage, as its name implies, insures the physical structures on your property, including your home. If a covered event causes damage to the physical structure of your house, garage, or other structure, you’ll be financially reimbursed, up to your limit, for repairs or rebuilding. This protects you against events like wind damage, hail damage, vandalism, and robbery. Certain events – such as flooding – are not typically included in dwelling coverage. If you’re worried about flooding in your area, we can help you get another type of coverage.
Contents coverage protects the personal property within your home. This may include your furniture, jewelry, electronics, appliances, and any other valuable items. When you’re selecting the right level of contents coverage, it’s essential that you itemize each of the pieces that you want covered. Contents coverage provides financial reimbursement to repair or replace these items if they’re damaged in a covered event – which are the same types of events included in dwelling coverage.
Personal Liability Coverage
Personal Liability coverage is different from the other types of home insurance, in that it protects you from financial responsibility if someone is injured or someone’s property is damaged while they are on your premises. Up to your predetermined limits, personal liability coverage pays out for medical bills and to replace or repair damaged property. Most importantly, it covers the cost of legal fees if someone sues you after an accident. Personal liability coverage not only protects you when someone is injured on your property – it can also protect you and your family members if you’re found liable for an accident even away from your home.
We’re Here to Help
At Greenwald Berk Agency, LLC, our top priority is making sure you have the right coverage limits at an affordable monthly premium. We offer free quotes and consultations, so contact us first when you’re ready to learn more. We work with clients in Wilkes Barre, Kingston, and Scranton, PA.