What perils does homeowners insurance cover?
Homeowners insurance covers damages caused to your home by various perils. A peril is often defined as a serious and/or immediate danger that threatens your home. Perils included in your homeowners insurance policy typically include wind, hail, aircraft, riot/civil commotion, vehicles, explosion and smoke. These perils may be covered under one policy or a homeowner may own separate policies for certain perils (i.e. a fire policy).
There are specific limitations and exclusions associated with each one of these perils, so you should refer to your insurance agent if you have any questions regarding your coverage.
Related Home Insurance FAQs:
- Why is the replacement cost so high? I didn't pay that much to buy it.
- What does my policy cover?
- After I renovate my home, do I need additional home insurance coverage?
- If my household appliances cause water damage does my home insurance cover that?
- What's the difference between replacement cost and actual cost value?