James McKiernan Lawyers
Picture of United States courtroom

Call Us First!

888.442.2918
Picture of freeway bridge

Auto Accidents

Successful Results Achieved in
Over 15,000 Auto Accident Cases

Learn more
Picture of curved road lined with fields

Motorcycle Accidents

Largest Motorcycle Accident Injury Verdicts
in San Luis Obispo County

Picture of curvy country road

Truck Accidents

Even Professional Drivers Can Cause an Accident

Picture of operating room

Serious Injury

Over $200 Million Recovered in
Settlements and Verdicts for Victims

Picture of green field with a hill

Dog Bites

Resolving Cases Quickly, Efficiently, so that You
Can Focus on Your Recovery

Picture of cemetery in springtime

Death Cases

Offering Support, Assistance and Representation
After the Tragic Loss of a Loved One

What Does My Home Insurance Policy Cover?

Author: James McKiernan Lawyers
| Posted in Real Estate
Picture of male architect drawing house plan

As a working adult, you’re probably aware of the importance of insurance and keeping all of your property safe. Car insurance, life insurance, and health insurance are pretty straightforward when it comes to knowing how you’ll be covered. However, many people might not understand the importance of home insurance as well. If you have recently purchased a home, you should know why home insurance is valuable in protecting you and your family.

Why Is Home Insurance Essential?

  • Minimum hazard coverage: Many mortgage lenders will require homebuyers to purchase a base level, “hazard” or “homeowner’s” insurance, or HOI. HOIs will provide coverage for property damage resulting from fire, wind, hail, theft or any other sort of similar damage.
  • Multiple lines of protection: Sometimes the base level of your HOI will only provide coverage for your home itself and not include other personal property protection. It’s important that as a new homebuyer you explore your options and buy insurance that covers multiple lines of damage and/or liability.
  • Liability coverage: Many standard HOI policies will provide liability coverage. This includes protection for personal liability to others that occurs on your property. Liability insurance will be extremely useful in order to protect against any injury claims from construction workers, trespassers, or other people who accidentally got hurt.
  • Personal property insurance: When purchasing a separate personal property insurance policy (if your HOI policy doesn’t include this type of coverage) you should make a list of personal property inventory. Personal property coverage will be especially useful in the case of a natural disaster or theft.

You can’t predict a natural disaster or some other unfortunate experience that may occur and damage your property. Home insurance is crucial if you have real and personal property that you would like to ensure will be safe in case of any damages or injuries. Contact our real estate lawyers at James McKiernan Lawyers today if someone has been injured on your property and wants to file a claim.

form-button
  • This field is for validation purposes and should be left unchanged.
Google Analytics Alternative