Unexpected Benefits of Carrying the Right Homeowners Insurance

Unexpected Benefits of Carrying the Right Homeowners Insurance

Did you know your homeowners insurance offered coverage for these perils?

If you own a home, then you know you need the right homeowners insurance in Long Island City, New York.  In addition to dwelling, personal property, and personal liability insurance, you may be surprised to learn that your home policy also offers additional protections.  Here are some of the unexpected things covered by your homeowners insurance.

  • Building Code Updates

If your home sustains major damage, then you know that your home insurance will help you pay for your repairs.  However, did you know that your insurance will also help you pay for the upgrades that you need to ensure that your home adheres to the latest code requirements?  For instance, if your home is partially burned down in a kitchen fire, then your insurance would pay to rebuild your home.  Additionally, if there is a new law that requires homes to have built-in sprinkler systems, then your insurance would also cover the cost of installing these sprinklers as well.

  • Power Outage Damages

While most power outages are fleeting and little more than an annoyance, a prolonged power outage can have more serious consequences.  Most notably, you will have to throw away all the perishable foods in your fridge and freezer due to spoilage concerns.  Fortunately, your homeowners insurance may offer coverage for this loss and will help you restock your fridge once the power returns.

  • Your Family, Even When They Are Away from Home

If you have a child that is a full-time student living away from home, then the personal property and liability coverage included in your homeowners insurance will go with them.  While different policies will have different limits regarding the extent of this coverage, your kids could be covered under your policy until age 26 or until they move into an apartment of their own.

These are some of the surprising things covered by your homeowners insurance in Long Island City, New York.  Do you have further questions regarding your home coverage?  If so, then contact the experts at 01 Insurance.  We are ready to assist you with all your home insurance needs today.