It’s very important that you review your homeowner’s insurance in Los Angeles in order to know exactly what is and isn’t covered. Remember that every insurance plan varies, in both coverage and cost, so you need to be prudent and understand exactly what you’re paying for. While there are a few aspects of insurance that practically every policy has in common, including coverage, liability, and deductibles, every plan is certainly not the same.
Before buying a policy, as a new homeowner takes the time to take a closer look at what’s currently available in the homeowner’s insurance market. A qualified agent can help with the process by explaining exactly what’s in a standard policy that most insurance companies have to offer.
Standard insurance policies typically provide coverage for any sudden or accidental damages or destruction occurring to your home, while also protecting the contents within your homes, such as furniture, appliances, equipment, and clothing. Personal property coverage replaces these items if they are ever lost, stolen, damaged or destroyed.
Liability coverage provides you with legal representation and some much-needed financial protection if you’re ever sued, and determined legally responsible, for injuries to someone while on your property or any damages caused to their property. This policy will also protect you in the event of lawsuits for certain civil damages caused to others, for example, accusations of libel or slander.
Medical expense coverage
Medical expense coverage will provide coverage for any medical bills of anyone who is injured while on your property and can also provide indemnification for injuries occurring away from your home. There are many common perils that are not covered or are limited in the amounts of coverage available on standard home policies.
Some common exceptions not covered by typical homeowners insurance in Los Angeles includes normal wear and tear and long-term deterioration, sinkholes, earthquakes, flood damage, mold (particularly a long-term, gradual issue), and termite damage.
Your policy may include other exceptions as well, which is why it’s recommended that you read the policy language thoroughly. Speak to an agent who can discuss your concerns regarding this or any other product.