When most people think about homeowners insurance, the first thing that comes to mind is the standard policy. However, there are several different parts that make up a standard policy. They include:

1. Dwelling Coverage

The dwelling coverage goes toward the current structure of your home. This includes the walls, foundation, roof, and other parts attached to it. The cost to rebuild your entire house is factored into this category as well, because it would be needed if you were to file a claim for this part of your policy. However, some causes of loss, such as earthquakes, floods, and poor maintenance, are not covered.

2. Personal Property Coverage

The personal property coverage goes toward the stuff you own and keeps inside your home. This includes furniture, appliances, clothes, and all other items that aren’t attached to your house or held together in any way. If something were to happen to these things and you had them insured, then they would be paid for by this portion of your policy.

3. Liability Coverage

The liability coverage goes towards the legal cost of defending yourself if you are sued by someone injured while on your property or if they injure themselves and decide to sue you for damages. It also pays for any medical expenses they might have should this happen.

4. Additional Living Expense Coverage

If something happens to your home and you are forced to move out, this coverage goes toward paying for your living expenses until you return home. If necessary, it could be used for temporary housing costs or even eating in a restaurant.

There are many different things that make up a homeowners policy. To know exactly what it covers, you will need to read through the fine print of your particular policy before buying it. Are you in Inlet Beach, FL? Contact Dune Lakes Insurance today to learn more about this! We can also help homeowners find the right policy for their needs.