PO Box 26
New Castle, Colorado
Many homeowners may be surprised to find that Part II of a standard homeowners' insurance policy protects against bodily injury and property damage caused by a family member. The comprehensive personal liability section of your homeowners' policy covers personal injury or property damage to others due to the negligence of anyone in the family, including pets. This coverage can range from $100,000 to $300,000 in value, and often includes coverage for medical expenses, damages, and legal fees up to your coverage limit. (If you need additional personal coverage, consider a personal umbrella policy, which can cover claims in excess of your basic homeowners' coverage or protect you against other liabilities, such as liability for libel or slander.)
Basic homeowners' coverage also covers damage from some natural disasters, although nearly all policies have a dwelling coverage limit of at least 80% of the replacement cost of the home. These are some natural occurrences covered by most homeowners' insurance policies:
Some weather-related risks and other natural disasters will most likely be excluded from your coverage:
Additional Living Expenses
If your home is damaged to the point where you can no longer live there, your homeowners' policy may cover living expenses, such as hotel bills or apartment rent, up to a certain limit and for a certain time frame. If you are in this situation, remember to save all receipts for your expenses.