If you buy owners insurance coverage by means of the Geico Insurance coverage Company, no matter which firm writes your coverage, you’re going to get commonplace owners insurance coverage protection corresponding to:
- Dwelling
- Private property
- Legal responsibility
- Medical funds
- Extra residing bills
Associated: What does owners insurance coverage cowl?
Table of Contents
Dwelling protection
Dwelling protection pays to restore or substitute your home whether it is broken or destroyed by an issue listed in your coverage, corresponding to a fireplace or twister. It additionally gives protection for constructions connected to your home, corresponding to a storage, deck or porch.
Your insurance coverage agent can assist present a rebuilding price estimate.
Different constructions protection
This protection pays for harm to constructions in your property that aren’t connected to your home, like a fence or shed.
Private property protection
Private property protection pays to restore or substitute private belongings, like furnishings and clothes, which have been stolen or broken by an issue listed in your coverage.
Sure classes of things, corresponding to jewellery, furs and money, may have a restrict on how a lot your insurance coverage firm can pay to interchange them if they’re stolen. For instance, your coverage may restrict the theft of bijou and watches to $1,500. In order for you extra protection, you may “schedule” precious gadgets.
Legal responsibility insurance coverage
Legal responsibility insurance coverage pays for accidents and property harm you by chance trigger to others. It additionally pays in your authorized protection if you’re sued after an accident.
For instance, if a visitor falls down your stairs or your canine bites somebody, legal responsibility insurance coverage pays for his or her medical care and your authorized payments in a lawsuit.
When deciding how a lot legal responsibility insurance coverage you want, think about how a lot you can lose in a lawsuit.
Extra residing bills protection
Extra residing bills protection kicks in if your own home is briefly uninhabitable as a consequence of an issue lined by your coverage.
You might be lined for prices above and past what you usually would spend, such because the added expense of resort rooms, consuming out, laundry service and pet boarding.