Most people know about the six standard coverage sections in home insurance policies. But did you know that most policies have a whole lot more coverage? Stuff you probably didn’t even know about!
Read on to uncover additional free home insurance coverage included in most policies.
Standard home insurance policies include debris removal. Debris removal is costly. Fortunately, this is one less thing you have to worry about.
Your free home insurance coverage extends to plants, trees, and shrubs. The limit is usually $500 per tree. This coverage excludes trees and plants that die from natural causes.
Most home insurance companies cover theft or unauthorized use of your credit card up of up to $500.
Another free home insurance coverage is loss assessment. Loss assessment is a fee that is charged to homeowners when a community’s amenities are damaged.
For example, if your community pool is damaged, the HOA could bill the homeowners in a special assessment.
Most home insurance companies will pay up to $1,000 for loss assessment charges by a corporation or association of property owners.
Sometimes new laws and ordinances in your area require changes to your property. These change could be small, like minor remodeling and repair. Or they could be large, like demolition or new construction.
A free home insurance coverage that many companies offer will pay up to 10% of your dwelling coverage for these situations.
Losing loved ones is hard. Fortunately, coverage for damaged grave markers is an added benefit of many home insurance policies.
Owned grave markers – regardless where they are located – are typically insured for up to $5,000.
© 2024 · Insurance Education Group, LLC. All Rights Reserved