Homeowner Insurance: What's Covered?

The fastest way to learn what’s covered by your homeowner insurance is by reading the declarations page of your policy. What’s below is a rough guide to typical policies.

What's covered under a typical homeowners policy:

Your home and any detached structures on the property.

Most furniture, appliances, electronics and tools.

Liability and medical expenses for injuries and property damage for which you are responsible, up to your policy limits.

Limited living expenses if you are forced to vacate your home because of a loss.

 
What may not be covered:

The replacement cost of your home and personal property, vs. its actual cash value.

Jewelry, collectibles, firearms and other expensive items in excess of certain limits, typically $1,000 to $2,500.

Business equipment, including computers used for work, in excess of certain limits, typically $2,500.

Sewer or drain backups.

Liability coverage for pools, trampolines and other high-risk items.

Mold.

 
What's not covered:

Cracks or settling in the foundation.

Neglect, wear and tear or intentional damage.

Flood or earthquake damage. Coverage for either is available separately.

Landslide or other earth movement.

War or nuclear explosion.

Pest damage.

Pet damage.

 
10 discounts to ask for:

Multi-policy (home, car or more with the same company).

Smoke detectors.

Fire extinguishers and sprinkler systems.

Burglar and fire alarms that ring at an outside service.

Deadbolt locks and fire-safe window grates.

55 years old and retired.

Longtime policyholder.

Upgrades to plumbing, heating and electrical systems.

Earthquake retrofitting.

Wind-resistant shutters.

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