Residents of this Midwestern state deal with many severe weather events including tornadoes, severe thunderstorms and extremely cold winter temperatures. All of this can lead to damage to your home. Fortunately, you can protect yourself against extreme financial losses by purchasing a suitable Nebraska homeowners insurance policy.
Homeowners insurance provides two basic types of coverage: property coverage and liability coverage. These two factors can give you peace of mind knowing that you are not at risk of losing what one of your most expensive and important investments.
- Property Coverage: This provides compensation for loss or damage to your home and its contents after a covered event. Most policies automatically include coverage for fire, wind-damage, hail, lightning, extreme freezing temperatures, falling objects, vandalism and theft. You may be required to purchase additional riders to cover damages caused by floods, tornados and earthquakes. Property coverage is broken up into two components:
- Structural coverage: This provides compensation if the structure of your home is damaged or destroyed. This coverage usually includes surrounding structures such as detached garages and storage sheds.
- Contents coverage: This provides compensation for loss or damage to your personal property. Extremely valuable items, such as jewelry, heirlooms and antiques, may require additional riders order to be fully covered.
- Liability coverage: A liability claim against you can lead to unmanageable financial losses unless you have insurance coverage for it. Nebraska homeowners insurance shields you from:
- Bodily injury or property damage claims: If someone is injured or suffers property damage while at your home, this will provide coverage for medical costs and property replacement.
- Charges of libel and slander: Most home insurance policies provide coverage if you find yourself on the wrong end of libel or slander lawsuit.
- Damages or injuries caused by children and pets: Many home policies will provide coverage if your pet bites someone or if your child breaks someone’s window while playing ball. These events do not have to occur on your property.
- Court costs and legal fees: Even if a case against you is thrown out, court costs and legal defense fees can add up. Fortunately, liability coverage includes compensation for these expenses.
Speak with an agent in the Trusted Choice network today to learn more about Nebraska homeowners insurance and start comparing rate quotes for policies that are right for you.