Home Buyers Essential Guide to Home Insurance

home, car, or temporarily away from your residence. Valuables such as art, jewelry and paintings may require additional coverage. Ask your broker if supplementary coverage is needed.

Liability insurance is the second major component of your homeowner’s policy. If deemed responsible, this section will cover negligent acts you commit, anywhere in the world, which cause harm to others.

What situations am I protected against?

Home insurance policies can vary slightly, but most cover damages to the structure of your home and your personal contents caused by:

· Fire, Lightning or Smoke

· Explosions

· Lightning

· Riot or civil commotion

· Impact by aircraft or land vehicles

· Theft or Vandalism

· Falling Objects

· Freezing of pipes

How do I choose the right policy for my home?

The following coverage definitions of home insurance policies will help you understand and determine your current coverage:

Dwelling Building: Covers your house, attached structures, and permanent fixtures in the home, such as a dishwasher or air conditioning systems. The dollar amount of coverage listed should equal the cost to rebuild your home if a disaster occurred.

Detached Structures: Insures any structure that is not permanently attached to your main residence. Coverage extends to