Key Components of a Homeowners Insurance Policy

Many California homeowners discover coverage gaps only after they need to file a claim. Reviewing what your policy covers and excludes can help you plan ahead. Mikel's Insurance Services can guide you toward the right options.

What Does a Standard Homeowners Policy Cover?

A standard homeowners insurance policy typically includes several core coverages:

• Dwelling coverage may pay to repair or rebuild your home’s structure after a covered loss, such as fire, wind or hail.
• Detached structures coverage can help cover repair or rebuilding costs for other buildings on your property, such as freestanding garages, gazebos and sheds.
• Personal property coverage can help replace belongings such as furniture, electronics and clothing if they are damaged or stolen.
• Liability coverage may cover costs if someone is injured on your property and you are found legally responsible.
• Loss of use coverage can help pay for temporary living expenses if your home becomes uninhabitable due to a covered event.

Common Exclusions to Be Aware Of

Your policy may not include the following:

• Flood damage: Water entering from outside, such as storm surge or heavy rainfall, may not be covered by your policy.
• Earthquake damage: Ground movement or seismic events may fall outside standard coverage.
• Routine wear and tear: Slow deterioration, like worn plumbing or an aging roof, may not be covered.
• Sewer backup: Backup through drains or sump pumps may require an endorsement to be covered.
• Mold remediation: Costs for mold cleanup may be capped or excluded depending on the cause.

Our Team Can Help

Contact Mikel's Insurance Services today to learn more and get a free custom quote.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.