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Dissecting Your Homeowners Insurance Policy: What Do Coverages A, B, C, and D Mean?

Homeowner’s insurance offers a much-needed financial safety net against many types of damages. Most standard insurance policies will cover more than the physical structure of your home, such as loss of use, personal belongings, and liability. Homeowner’s insurance is divided into different categories, which include A, B, C, and D. Reaching out to an insurance agency is essential in learning the details of your policy to ensure you are well-covered for a wide range of situations.

Here is an outline of the different types of primary coverages for homeowner’s insurance.

Coverage A
Coverage A is known as dwelling coverage, as it protects the entire structure of your house, such as the roof, floors, doors, and windows. Built-in appliances are usually protected under this coverage. Typically, your porch, patio, and garage are also included in your dwelling coverage. Reading over the details of your insurance policy is key to understanding your coverage, as you can always reach out to your insurance agency if you have any questions or concerns.

Coverage B
Coverage B provides insurance coverage for additional structures on your property. These structures can’t be used for any type of business activity. Typically, this can be barns, fences, storage sheds, greenhouses, and other structures. You will receive the same protection as for your home, whether you are dealing with theft, fire, storm damage, or vandalism. Coverage B does have a few limits, as it won’t cover any of the contents within these structures, as this is usually covered by personal property.

Coverage C
Coverage C is known as personal property coverage. This insurance is limited to either the loss or theft of personal belongings. You can also pay for additional coverage to best meet your needs. The most frequent personal property insurance claims include electronics, computers, TVs, sporting goods, and clothing. It’s a good idea to create a list of your personal items to help you stay organized while also giving you a better idea of how much personal property coverage you need.

Coverage D
Coverage D is known as the loss of use coverage that will take care of all your extra living expenses while your house is being rebuilt or repaired due to it being temporarily uninhabitable. For example, these additional living expenses may include the cost of staying at a hotel, boarding a pet, or even using public transportation. Additional food expenses can also be covered under this insurance. However, the time period for Coverage D is limited, as it’s important to read your policy to learn all of the details.

Is Homeowner’s Insurance a Requirement?
Homeowner’s insurance coverage isn’t required by law, but it’s often a necessity if you have a mortgage on your house. Purchasing homeowner’s insurance protects you against numerous incidents, such as fire, theft, windstorms, hail, and lightning. Working with an agency to receive multiple quotes is important in helping you find the best insurance to meet your needs while staying within your budget. You will also have much greater peace of mind knowing that you are covered in a wide range of situations by purchasing insurance for your home.

What Does Homeowner’s Insurance Not Cover?
Insurance policies for your home can vary widely, as it’s important to read the details of your policy. For example, most policies will exclude damages due to flooding, earthquakes, mold, power failure, and neglect. However, it’s possible to purchase additional coverage in a separate policy, such as flood or earthquake insurance. Reviewing your insurance policy each year with your agent is a good idea to look over the details of your policy to see if you need to make any changes.

Additional Things to Consider
Getting several quotes from insurance providers is key in finding the best insurance for your home. An agency can compare multiple quotes to save you a lot of time and effort. Asking about any discounts is a great way to lower your insurance. A few of the most common discounts include having a security system, sprinklers, or if you have been claim-free for three years in a row. Choosing a higher deductible will also help you lower your premium.

Reach Out to Wellcovered Insurance to Learn More About Homeowner’s Insurance
Wellcovered Insurance is a well-known agency that partners with over 30 insurance carriers. Our main objective is to help you select the best insurance available. We specialize in a wide range of insurances, whether you need homeowner’s, rental property, condo, mobile home, auto, boat, professional liability, and much more. 

We are one of the top-rated agencies on Google Reviews, as we serve a wide range of clients throughout Volusia and Seminole County. Meeting the different needs of our clients is our focus, as we will provide you with an auto insurance quote in 15 minutes or less. It only takes one or two business days to receive a quote for homeowner’s insurance. Our team will also return your phone call as soon as possible.

Maintaining a strong presence in the community is always a priority, as we are a member of the Deland Breakfast Rotary and the West Volusia Regional Chamber of Commerce. Our service is always pressure-free, as we strive to meet the different needs of each client.

Give Wellcovered Insurance a phone call today to learn more information about homeowner’s insurance!