Five Things You Didn’t Know Are Likely Covered by a Homeowner’s Insurance Policy in North Texas
When you purchase your home, most lending companies and even banks require you to hold homeowner’s insurance. However, many new homeowners fail to fully read through their insurance policies. They don’t fully understand what is covered, what isn’t covered, and how to file a proper insurance claim in the event of a disaster or property damage.
Here in North Texas, there are some surprising coverage options for homeowner’s insurance. Let’s talk about some unusual forms of coverage and how they could impact your policy.
Five Things Covered by Homeowner’s Insurance
If your home is damaged in a kitchen fire, then you’re likely covered by your homeowner’s insurance policy for the damages. Fire damage is a well-known coverage option and included in almost every policy.
There are other situations that are covered, but you might not have thought about them before. Here are five things typically covered by your homeowner’s insurance in North Texas.
- Dog Bites – Each year, millions of Americans are bitten by dogs. Most of these bites occur on the dog owner’s property. If your dog escapes its fence, or someone comes too close and it bites, then you are covered by your homeowner’s insurance policy for the damages experienced by the victim.
- Mold – If you have dealt with mold personally, then you know how troublesome a mold infestation can quickly become. The cost of mold remediation can be thousands of dollars. Thankfully, your homeowner’s insurance policy generally covers mold, depending on the underlying cause.
- Terrorism – Terrorism is considered more of a criminal act than armed conflict. As a result, your homeowner’s insurance should cover explosion, fire, and smoke damage from a terrorist attack.
- Spoiled Food – While perhaps not nearly as grave as dog bites, spoiled food caused by a broken-down fridge is often covered by your homeowner’s insurance policy. If you were to lose power due to a storm for an extended period, the food you lost in your refrigerator or freezer is often covered up to $500.
- Lost Luggage – If you were to lose your luggage while on a trip, your homeowner’s insurance would most likely help you out. Because the contents of the suitcase belong to you, they are covered up to a specific amount by your policy. This situation would fall under the “Off-Premises” coverage included in your policy.
Again, all homeowner’s insurance policies are unique, even here in North Texas. If you want to be sure you are covered for a specific situation, read your policy carefully.