Insurance of a household is ensuring financial protection on a case of emergency situations, the caused damage. The standard insurance of a household protects as the house, finishing, engineering networks, and everything that is in it. The household is insured in a complex. It means that the insurance covers not only damage caused to the house but also the financial or legal responsibility caused to other people. Here also damage caused by pets enters. Quite often happens so that leak of water becomes the reason of expensive repair at neighbors from below which owners of the apartment in which there was a leak should pay. Or the fire of own house was in the country thrown on the neighboring sites. In this case insurance of the house allows not only to get the new house due to insurance payments, but also if the insurance of civil liability was issued, to avoid payment of the large sums for compensation of damage to neighbors.
With small exceptions the insurance covers also compensation of damage caused to a household by natural disasters. The most typical exceptions – the damages caused by a flood, an earthquake or inadequate leaving.
Further Different Types Of Homeowners Insurance Texas we will consider four types of an insurance covering which are included into the standard insurance policy.
1. Insurance of the structure
This part of an insurance pays restoration of a household after the fire, a hurricane, a hail, a lightning or other natural disaster specified in the insurance policy. The insurance of a structure will not pay the damage caused by a flood, an earthquake or natural wear. Getting an insurance on a household, it is important to provide a covering of a complete recovery of the house.
The majority of an insurance covers also separate structures of your household, for example, a garage or a shed. As a rule, they are insured for 10 percent of the sum of an insurance of the house.
2. Insurance of personal property
All furniture, clothes, sports equipment and other personal property of hosts is insured on a case of theft or destruction as a result of the fire, a hurricane or other natural disaster. Most the companies insure personal property for the sum of 50-70 percent against an insurance of the house. And the personal property of owners of the house is provided with an insurance in whatever often light it was.
The standard insurance of a household covers also trees, bushes and other plants on a case of theft, fire, a lightning, explosion, vandalism, public disorders and even plane crash. Usually insured sum on it does not exceed 5 percent of the insured sum on the house – to 500 dollars on unit.
3. An insurance of civil liability before other people
This part of the insurance plan covers civil liability for injuries which owners of the house put to other people. It covers also the damages put with pets. In particular, the insurance of responsibility will pay your responsibility if someone from living in the house spoils an expensive carpet of the neighbor. At the same time the insurance will not help if as a result Different Types Of Homeowners Insurance Texas of such actions the carpet of owners of the house is spoiled. The same part of an insurance covers the cost of lawyer protection in court, and also any penalties which will be awarded subsequently. This insurance covering extends worldwide. The size of an insurance covering of civil liability usually begins with 100,000 dollars though experts recommend the sum of 300,000 dollars.
4. Additional resources for accommodation in case temporarily there is no opportunity to live in the house, for example, owing to the fire or other natural disaster. This part of an insurance meets bills for hotel accommodation and food at restaurant, and also other essential expenses connected with accommodation outdoors during its restoration. The size of such insurance covering in most the companies makes 20 percent from the insured sum on the house. If the part of the house is leased, this part of an insurance will cover also half-received rent income for the period of restoration of the house.