What Exactly Does Home Insurance Cover?

It’s no secret that purchasing a home is a major life decision. As such, it’s important for new homeowners to invest in the proper protection by getting home insurance. While this kind of insurance is not a legal requirement in Ohio, it is nonetheless a very smart decision. So on this note, what exactly does home insurance cover?

Expecting the Unexpected

Nobody wants something bad to happen to their property, but the truth is that there are no guarantees that nothing will. Home insurance is, therefore, a precaution in the event that something uncontrollable does happen. From human causes to natural occurrences, insurance is a way to ensure that these events do not cause further damage and pain through financial loss. 

Covering the Home Inside and Out

A good home insurance policy should cover both the structure of the home itself as well as the valuables inside it. In fact, many people opt for a policy that will cover the total value of their home and belongings, in the event that it all needs to be replaced. While the specifics can certainly vary from policy to policy, it’s important to know that the following things can be covered:

  • Lightning strikes
  • Hail, rain and windstorm damage
  • Equipment replacement (furnaces, cooling system, etc.)
  • Fire damage
  • Water damage (such as from leaking or burst pipes)
  • Burglary
  • Identity Theft

Now, it is also important to understand that under a lot of basic policies, damage from certain natural disasters may not be covered. However, if you feel you are at risk, this may be a customizable add-on to your policy. 

Taking the Next Step

When you’re ready to start looking at insurance policies that fit your specific needs and keep your home protected, contact Ganley Family Insurance. As an independent, family-run insurance agency, Ganley is able to match clients in the Brecksville, OH area and beyond with different insurance carriers depending on the kind of coverage they are looking for.