Home insurance protects, the replacement cost or the reconstruction costs of your home.
There’s also your personal property. So let’s take your house and flip it upside down. Everything that would fall out is personal property. There is loss of use, typically a 12 months or a dollar amount based on the percentage of the replacement costs. What that means is if there’s a claim in the house and you can’t live there, we’ll pay for you to live in a hotel for a little while, or maybe rent an apartment. If it’s going to be some time, there’s also liability. If you get sued and that is your biggest issue, you need to have as much liability as possible. There are also coverages with certain carriers called “service line coverage”, which would be the service lines that come into your house.
