Whether you’re a first-time homebuyer or you’ve owned a home for a long time, home insurance is a necessity. It can be a lifesaver if something disastrous happens to your property. Water damage, fire, and theft are the primary situations that homeowners are usually concerned about, but home insurance also covers several other incidents that have probably never crossed your mind.
If you happen to find yourself dealing with any of the below problems, you may be pleased to discover that your home insurance policy may take care of your expenses. Here are several surprising things you might not know your homeowners insurance covers.
1. Identity Theft
Have you been a victim of identity theft? If you have homeowners insurance, there’s a chance you may have insurance coverage for that. Coverage may be provided for expenses related to identity recovery, lost wages, and expenses for the child or elder care, as well as help-line assistance and case management services for the identity-related loss. – Badger Insurance Advisors
Most homeowners insurance carriers have an option to include identity theft coverage for all family members that live in the household. This endorsement is usually $25 or less per year and is sometimes automatically included in your coverage. Pricing and availability vary depending on your homeowner’s insurance company and the state where you live. – Thomas Insurance Advisors
4. Family Gravesite
You might be surprised to know that your homeowners insurance policy provides coverage for damaged grave markers. That means that if severe weather conditions or an act of vandalism damages your family tombstone, mausoleum, or another type of grave marker, you could receive up to $5000 whether it was located on your residential property or off. – Advocate Insurance
6. Your Parents’ property if They’re Living in an Assisted Living Facility
If your parents live in a long-term or assisted living facility and they are dependent on you for support, their personal belongings may be covered by your home insurance policy. – Sahouri Insurance