Your policy should cover the cost of the replacement of your property, minus any deductible (the amount you would be responsible for before the policy covers your loss). Replacement cost is what it would cost today to rebuild your house in the event of loss, based on current building codes.
Your policy has a separate amount to cover your personal belongings, minus a deductible. We always recommend that you create a home inventory of your personal items. This will make it much easier to document your loss during the claims process.
If you become legally responsible for an injury to a guest on your property, or for damage you cause to another person’s property, personal liability coverage will give you that much needed protection.
Basic coverage is included for any detached structures on your property such as a garage, shed, or fence. There are limitations on the amount of coverage available for these types of structures, depending on the amount of coverage for the home itself.
If your home were to become so damaged or destroyed that it is uninhabitable, your policy can provide very valuable benefits to cover additional housing and living expenses.