Owning a home is a big responsibility. Homeowners need to manage maintenance, risks, and overall comfort and living conditions. Beyond the day-to-day basics, homeowners also need to choose an insurance policy that makes all these tasks possible and manages all the risks involved in ownership.
Riskbusters Insurance serving Tennessee can help you understand the basics of homeowners insurance, according to the Tennessee State Government.
Tennessee Homeowner’s Insurance 101
Dwelling & Structures
Structure-based insurance refers to policies that protect the physical building that is your home (dwelling), and may also include any outbuildings such as a garage, shed, barn, or guesthouse. Structures will need to be protected against physical damage from weather-related events and also
Personal & Physical Property
Property insurance may refer to the land you physically own. Personal property insurance is the policy that protects your valuables and keepsakes inside the home and on the land. Personal property will help you regain the value of damaged or stolen items.
Medical and Legal Liability
Liability insurance is the coverage you need (and you are often required to obtain) to protect persons on your property from harm. If a visitor were to get injured on a broken step, for example, liability insurance would help pay for that person’s medical bills and potential loss of work.
Loss of Use
If your home is damaged, you may not be able to live there until the damage is fixed, such as after a flood, fire, or fallen tree branch. Loss of use can help you afford the cost of residing somewhere else until you can move back in.
Get Home Insurance Today
If you want to get started finding the right policy for your own home, contact Riskbusters Insurance serving Tennessee. We’re ready to provide you with a custom quote.