Home insurance has a lot of advantages that the average consumer is already aware of, but what they don’t know is that there are hidden benefits many insurance owners don’t know about. Schaller & Thomas Family Insurance has listed four of the lesser known benefits of home insurance.
Policies can cover losses resulting from pet bites
This may come as a surprise, but liability coverage from home insurance may also cover dog bites at no extra cost. The average policy gives coverage from $100,000 to $300,000 according to the Insurance Information Institution (III). The base amount defenders can claim for dog bites is up to $26,000 which makes this coverage an added benefit if you require protection.
The policy may cover restoration damages after loss
If a flood or torrential rains ruin clothing, linen, or bedding and mold also does damage after the initial wetness the insurance might also cover the additional losses due to mold as well as the damage done by the flooding or rain. For instance, if it is a legal requirement for you to have storm shutters to prevent water seepage in your home the insurance policy may cover the cost for the shutter and the damage done to the home from water.
You insurance might cover damage from power outages
If you sustain damages that cause you to discard food spoiled in your refrigerator you might benefit from it. Most homeowners insurance covers for loss of food items up to $500.
You policy might cover family members away from home
As long as your child is in a dormitory even if they travel far from home for school, your policy might cover their belongings in their home and off-campus housing where students need renters insurance policies.