Think of homeowners insurance as your financial safety net. It protects your home, your stuff, and even your wallet if someone gets hurt on your property. But what’s actually covered?
Here are the basics:
– Dwelling Coverage – Pays to repair or rebuild the structure of your home after covered events like fire, wind, or hail.
– Personal Property Coverage – Covers belongings inside: furniture, clothes, electronics, and more.
– Liability Coverage – Protects you if a guest is injured at your home or you accidentally damage someone else’s property.
– Additional Living Expenses (ALE) – Helps pay for a hotel or rental if your house becomes unlivable after a covered loss.
What’s not covered? Standard homeowners insurance doesn’t cover floods or earthquakes—you’ll need separate policies for those.
It’s worth sitting down with an agent to make sure your coverage fits your needs. Too many homeowners only find out what’s missing after they need to file a claim.
Protecting your home across Maryland, Virginia, Washington, D.C., and the Mid-Atlantic starts with the right insurance. Let William Gunn Insurance review your policy and give you peace of mind.