Coverage A - Dwelling
Protects your house and any attached structures,
such as garages, decks or fences. The typical policy covers your
home when it is damaged by most common perils or causes of loss
including fire, lightning, smoke, collapse, damage by aircraft or
vehicles, vandalism, and accidental leakage or overflow from
plumbing, heating or air conditioning units.
The following causes of loss are usually excluded
from coverage under the homeowners' policy:
In addition to the above, Windstorm, hurricane
and hail is usually excluded on the Texas Gulf Coast.
Coverage B - Other Structures
Protects structures that are not attached to the
home, such as a detached garage, storage or utility shed, playground
equipment and swimming pools.
Coverage C - Personal Property
Covers your possessions, whether they are at your
home or away with you on vacation. Personal property is usually
covered on a named peril basis. This means that only the causes of
loss listed in the policy section are covered. The coverage is also
subject to limitations and exclusions. Certain types of property
such as jewelry, fine arts, collectibles, etc., may require special
Actual Cash Value vs. Replacement Cost
Actual cash value is defined as replacement cost
minus depreciation. Replacement cost is the actual cost to replace
the structure, regardless of depreciation. Check your policy to see
which type of coverage you have.
Coverage D - Loss of Use
Provides reimbursement for the cost of additional
living expenses while your home is being repaired due to a covered
cause of loss. Additional expenses normally include food, housing,
and transportation. However, the expenses must exceed what your
family normally incurs.
Coverage E - Personal Liability
Provides coverage if you are found legally liable
for causing property damage or physical injury. Protection includes
paying for your defense costs and any resulting judgment for covered
incidents. Certain incidents are excluded from coverage.
Coverage F - Medical Payments
This coverage provides for small injuries to
guests in your home. It does not apply to resident members of the
All of the coverages provided by the homeowners' policy are subject
to limitations such as exclusions, policy limits, and deductibles.