![]() It also pays for damage caused by your pets. Liability covers you against lawsuits for bodily injury or property damage that you or family members cause to other people. Trees and plants are not covered for damage by wind or disease. Trees, plants and shrubs are also covered under standard homeowners insurance-generally for about $500 per item. To insure these items to their full value, purchase a special personal property endorsement or floater and insure the item for its officially appraised value. You also have up to $500 of coverage for unauthorized use of your credit cards.Įxpensive items like jewelry, furs, art, collectibles and silverware are covered, but there are usually dollar limits if they are stolen. Some companies limit the amount to 10 percent of the amount of insurance you have for your possessions. Personal belongings coverage includes items stored off-premises- this means you are covered anywhere in the world. We suggest that you maintain a photo home inventory, and store it safely in the cloud. The best way to determine if this is enough coverage is to conduct a home inventory. The coverage is generally 50 to 70 percent of the insurance on the structure of your home. Your furniture, clothes, sports equipment and other personal items are covered if they are stolen or destroyed by fire, hurricane or other insured disasters. ![]() Most policies also cover detached structures such as a garage, tool shed or gazebo-generally for about 10 percent of the amount of insurance you have on the structure of your home. When purchasing coverage for the structure of your home, remember this simple guideline: Purchase enough coverage to rebuild your home. It will not pay for damage caused by a flood, earthquake or routine wear and tear. Your homeowners policy pays to repair or rebuild your home if it is damaged or destroyed by fire, hurricane, hail, lightning or other disasters listed in your policy.
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