Understanding Your Homeowners Policy: What’s Covered?

I looked back through our home blogs and it appears that we covered the sudden and accidental and plumbing outside the house along with the flood exclusion. I believe the following would be appropriate…

What do you mean this isn’t covered? Those words start the worst conversation anyone can have when it comes to their insurance. Whether it is your health insurance, car insurance, or home insurance, spending just a little time to learn what you are buying goes a long way toward understanding your protection, rather than worrying about what you are paying. We all see trends come into existence. There were leisure suits during the time of Disco and today there seem to be fidget spinners everywhere. One of the most disturbing trends we see developing is the suit for invasion of privacy.

Have you ever posted pictures on your social media account of your friend at the college tailgate? What if their potential future employer searched social media for images of them and found your photos of their keg stand? They don’t get the job and they take legal action against you. Now what do you do? I know. I will call my home insurance company. Base home policies provide liability protection if you injure someone and hurt them or damage property, but there is NOT automatic protection for the invasion of privacy.

Liability coverage does two VERY important things for you. It pays if you are legally liable AND it pays to defend regardless of the ground of the suit, BUT the basic policy only provide coverage for Bodily Injury or Property Damage. YOU need to make sure you buy a coverage called personal injury liability coverage. ON average, this costs about $12.00 and expands the personal liability coverage to include libel, slander, defamation of character, wrongful eviction AND invasion of privacy.

Understanding what you buy is MORE important that knowing what you pay. Have questions about this? Call your insurance professional. If your insurance professional is not reviewing this growing trend, call us at 610-933-4950.

Liked this post? Share with others!

Learn more about Frees Insurance

Serving Phoenixville and the surrounding areas since 1933