SHARP HOME

Saturday, 8 March 2014

Lethbridge Home Insurance—What Does a Home Insurance Policy Cover?



Do you own your house? If you answered yes to that question and your home is not currently covered under a Lethbridge home insurance policy, then we highly encourage you to read this short article that Sharp Insurance has prepared for you.

When people find themselves shopping for the best home insurance policy, one of the most common questions that they would like to have an answer to is: What does a home insurance policy usually cover?

While this answer tends to vary from insurance company to another, there are three main components to a home insurance policy that rarely tend to change.

The first component is, evidently, the house itself. If you are covered under an insurance policy, then you do not have to worry about paying for general repairs and structural repairs. Keep in mind that the cause of loss has to be covered, though. As an example, your insurance company might cover damage caused by fire but might not cover damage caused by a natural disaster.

A home insurance policy also generally provides personal property coverage. This is to protect your most important possessions in the event of a theft, or once again, a loss that is covered under the policy.

Finally, this type of insurance policy also provides you with general liability coverage. This component is particularly useful if a member of your family often finds themselves having to face lawsuits. Quite simply, it protects your assets and covers your defense costs in the event of a lawsuit.

If you have any other questions that you would like to have answered, you are more than welcome to visit our website or to give us a call today.

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