Beginners Guide to Home Insurance

Your home is one of your most valuable assets, and the last thing you want is to lose it. Home insurance is one of the wisest ways to protect your investment from many events. Don Allred Insurance is committed to helping Burlington, NC residents understand and obtain the home insurance they deserve. 

What Does Home Insurance Cover?

Insurance policies vary, so not all over the same things. However, there are some commonalities. Most protect the following:

Your Dwelling

This typically includes the home as well as any attached structures, like a garage or porch.

Other Structures

“Other structures” refers to things such as sheds and fences.

Personal Property

Most insurance policies cover repairing or replacing personal items, such as clothing and furniture if damaged due to a covered peril. 

Additional Living Expenses

If your home is deemed unlivable due to a covered peril, home insurance often pays up to a set amount for temporary living expenses. Depending on the policy, this might include a hotel stay, transportation to another living space, 

Liability

If someone who is not on your policy gets injured on your property and you are found liable, a home policy typically provides aid.

Medical Payments

Most home policies provide some protection for injuries caused on your property, no matter who is at fault. Additionally, they usually cover injuries that you or a pet cause off property up to coverage limits. 

While these are the most common categories covered, the specifics of what qualifies for coverage and the amount of that coverage depends solely on your policy. 

Perils

There are some common perils that most policies cover. 

• Theft
• Vandalism
• Damage caused by aircraft
• Damage caused by vehicles
• Fire or lightning
• Smoke
• Explosions
• Riots
• Falling trees or other objects
• Wind or hailstorms
• Damage caused by the weight of ice, sleet, or snow

If you live in an area at high-risk of any common perils, such as windstorms or theft, you may require additional coverage. 

Home insurance is highly customizable, and it’s crucial to get the best protection for your home and life. If you are a resident of Burlington, NC, stop by Don Allred Insurance or give us a call to design the right policy for you.