How Your Homeowner’s Insurance Covers More than Your Home

How Your Homeowner’s Insurance Covers More than Your Home

Do you know how far your homeowners coverage extends?

While your home insurance in Astoria, New York certainly covers physical damages to your home, your policy actually covers so much more.  In fact, while it’s called homeowners insurance, the name is actually quite misleading.  In actuality, your homeowners insurance offers broad coverage that extends far beyond the scope of your physical property.

  • Personal Liability

In addition to damages to your home, your home insurance offers liability coverage for the injuries or damages that you might inadvertently cause others.  This means that your policy covers the costs associated with the injury or damage, including your legal fees should the affected party decide to sue.  Generally, your liability coverage will kick in even if the issue does not actually occur on your property.

  • Personal Property

Your homeowners insurance also covers the losses and damages to your personal belongings caused by vandalism and theft.  This means that you would be covered if a burglar broke into your home and ran off with your laptop.  However, did you know that this coverage even protects your personal belongings when they are away from your home?  For instance, if you were robbed while on vacation, then your policy would likely cover the stolen items.

  • Identity Theft

Finally, your homeowners insurance actually covers some of the losses associated with cybercrimes and identity theft.  Most policies offer some coverage for credit card fraud, forgery, and counterfeit money.  If you face one of these issues, then you should report the incident to your insurer so they can set up a claim for you.

These are some of the ways that your homeowners insurance covers more than your home.  Do you have more questions regarding your home insurance in Astoria, New York?  Then don’t hesitate to contact us at 01 Insurance.  Our dedicated team is ready to assist you with all your coverage needs.