You might have purchased your home insurance because of all the benefits that it has to offer. However, there are certain not-so-well-known advantages ofhome insurance that you may not know about. Here are a few of them:
Since most home insurance policies will cover the owner’s possessions, this means that you can use it to protect your jewellery. Just make certain that when you do sign up for the policy, you have a list of all the jewellery that you possess. If at any point, it is damaged or stolen, then your insurer will most likely reimburse you for it.
Your home insurance will also cover your you in situations where your house gets struck by lightning. It does not matter which part of your house gets damaged, the insurer will even pay for a damaged air conditioning unit. The only thing that you will have to shell some cash out for will be your deductible.
Landscaping, Outbuildings, and Hardscaping
Hardscaping refers to fences or some sort of perimeter that surrounds your property whilebarns will be counted as outbuildings. It is highly likely that your home insurance policy will cover those as well. However, the amount of coverage will vary and could amount to asmuch as 10% of your policy amount or less.That means, if someone drove a car and damaged your fence, your insurer might compensate you for part of the damage.
Technically, it is not the pet that would be covered under a home insurance policy but its actions. If your dog bites a neighbour’s kid and the child must be hospitalized due to the injury, chances are that your neighbour is going to sue to seek reimbursement for the child’s medical bills. The good news in that case is that some dog breeds are covered by home insurance.
If your credit cards are in the hands of someone else who goes on a shopping spree, your home insurance might be the answer!Since identity theft is often insured, you can call your insurer and claim that you be awarded for the money that you might have lost as a result of identity theft.
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