Your home is an investment, and an insurance policy is the best way to keep it protected. Most individuals are required to carry some level of coverage by their lender, but many are uncertain of what it spans. While each varies based on the company and your particular plan, there are three basic components included in most standard home insurance policies.

What Does Your Home Insurance Policy Cover?

Dwelling

The main aspect of a homeowner's policy is dwelling protection, which refers to the principal structure of the property. It helps cover the cost of repairs and even the total replacement of your home if it's damaged or destroyed. Unfortunately, this doesn't extend to non-dwelling structures, like sheds and detached garages, but you can add on coverage for these items.

Possessions

The dwelling aspect of your policy only includes your structure, not the items inside of it, but even the most basic plans typically offer some level of coverage for your belongings. The personal possessions component will cover goods like clothing, electronics, and furniture, and depending on your plan, your insurance company will pay for either the full replacement value or a depreciated figure of damaged or stolen items.

Liability

Liability coverage is another common component of a home insurance policy. This protection is designed to cover the costs of any injuries or damage that occurs on your property. It can also extend to any permanent resident. For example, if your child accidentally breaks a window in your neighbor's house with a baseball, then your policy's liability component can be used for the cost of repairs.

There are other types of protection that are important but aren't usually included with a standard home insurance policy. Flood and water damage coverage typically need to be purchased in a separate plan. However, some companies allow you to add them in the form of a rider, so ask your agent about your options.

Keep your home and belongings protected with a top-quality home insurance policy from CIS Insurance in Dumas, TX. Boasting over 30 years of experience, the Moore County agency is dedicated to helping their clients find cost-effective options. Their seasoned team takes a personalized approach to ensure your policy matches your unique needs. Request your quote today through their online contact form or by calling (806) 935-6512.