Insurance policies can be somewhat confusing and very broad, but this will no longer be a reason not to read the most important points, because here you will find some of the details to which you should pay attention. In principle, you must be clear about the type or form of policy you are buying according to the property you want to insure. Now, let’s see what are the coverages of the most common form of policy.
Part A.- Housing Coverage: Protects the building of your home; that is, structures such as roofs, walls, windows, etc. This part of the policy is responsible for paying for the repair of your home, if it has been affected by any risk that is under coverage. The normal thing in this type of policy is that it offers coverage for 16 types of risks named.
Part B.- Detached structures Protect structures that are within your property, but are, in turn, separate from the main house, such as your garage or a small tool shed.
Part C.- Coverage for Personal Property Protects everything that your home contains such as furniture, clothing, sports equipment, etc. The coverage offered by this Part C protects against theft, fire, some natural disasters, and economic losses that are part of the list of 16 risks named in the policy. Personal objects of greater economic value such as jewelry, fur coats, musical instruments, etc. may have coverage inside or outside your home. However, the amount of coverage you will be offered will be limited. Extra insurance can be added to the policy to increase the coverage limits for such valuables, if the customer so desires.
Part D.– Loss of Use Coverage Assists when an accident leaves your home uninhabitable and you have to leave it while it is in the process of repair or reconstruction. This part D pays for usual living expenses such as lodging, food, etc.
Part E.– Personal Liability Assists in the event that you or any member of your family has been responsible for injuries or property damage to others and you must face a lawsuit. That is, it helps cover medical expenses, for payment of legal settlements and legal assistance expenses if the demand is unfavorable for you.
Seek A Good Insurer
If you want to know more about the various policies and how you can utilize them in the event of a natural disaster, it is best to seek a good Insurance Company in Miami, if that is where you reside.