Homeowners insurance can save you a huge headache. Homeowners insurance coverage protects you in case an accident or natural disaster causes damage to your home, but it can also cover you if someone gets injured on your property. Homeowners insurance is pretty versatile, after all. Take a look at some of the most common reasons that homeowners have to file a claim.
- Hail and wind damage: These two often occur together during rough storms, and they can both cause the same kinds of damage. Generally homeowners file claims because wind blows away portions of the roof, while hail damages the roof and other property (such as your backyard shed).
- Water damage: We’re pretty familiar with this since we live in a flood zone, but water damage is a common occurrence even for homeowners who live far from flood zones. Maybe a rough storm leaves a roof leaky, or a frozen pipe explodes while the family is away. Either way, homeowners insurance provides the necessary coverage to pay for the damage.
- Fire damage: How can you ever expect a fire? And the damage from a fire can be quite extensive, even if the fire is contained to only one room in the house. Rebuilding your home is a huge expense, one that most of us wouldn’t be able to afford without an excellent homeowners insurance policy.
- Injuries to visitors: Anyone who has an accident on your property may sue you, and that’s why liability coverage is such a critical component of your homeowners insurance. Whether a repair person falls off a ladder or a neighbor slips and falls, you could be held responsible for any injury and resulting medical expenses.
- Dog bites and other pet attacks: If you have animals on your property, you’re responsible for their behavior! When someone because of a dog bite or horse kick, for instance, the person can sue the homeowner. Your homeowners insurance covers these kinds of liability issues.