American Homeowners Insurance - Types of coverage and their benefits
Homeowners insurance is a smart way to help protect your most valuable asset, as well as your family and your possessions. This brief video is designed to help you gain knowledge and feel more confident about homeowners insurance.
Homeowners insurance includes different types of coverages. For example, dwelling protection covers your home and other structures attached to it, like a garage, porch, or deck. You can also get coverage for other buildings on your property that are separate from your home. Then, if your home or other structures are damaged by one of these perils, your homeowners insurance can help you make repairs, or, if necessary, replace it.
If your home is too damaged to live in, additional living expense coverage helps pay for the cost of rent, hotel, food and other increases in living expenses. Most of your belongings are covered too, if they're stolen or damaged. If someone injures him or herself on your property, you may be obligated to pay for their injuries and legal costs. Or if you or a family member injures another person or damages their property, you could also be responsible for the costs.
Family liability protection can help protect you from out-of-pocket financial loss for those damages, and guest medical protection may help pay for some medical expenses if a guest, including a babysitter or someone you've hired, has an accident in your home. Allstate also offers other coverages to further protect your home and family. How much you pay for your homeowners insurance is largely based on the deductibles and coverage limits you choose.
If you have a claim covered by your policy, a deductible is the amount you agree to pay to help prepare or replace damage or loss. The coverage limit is the most Allstate agrees to pay for the damages. Each coverage has a limit, so make sure you're comfortable with the limit you choose. Allstate has more than 80 years of experience protecting what matters most to over 17 million people.
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