What You Need to Consider When Choosing a Home Insurance Policy

What you need to consider when choosing a home insurance policy so you can make sure your biggest asset is properly protected.

Damage to your house. Your homeowner’s insurance policy should cover damage to the inside and outside of your house. This includes your possessions, so make sure to document them.

Personal liability. Most people know that homeowner’s insurance covers personal liability. “That’s the slip-and-fall protection.” If someone trips in your driveway and they sue you for their injury, you’re covered.

Additional living expenses. Your policy should cover additional living expenses, meaning that you will be provided with compensation should you find yourself in a situation where you must live outside of your home while it is being repaired or rebuilt.