insurance

What Your Homeowners Policy Covers

A breakdown of what is and isn't included with your insurance coverage.

Your homeowners policy will pay to fix damaged property or rebuild all or part of your home after a covered loss. It also may entitle you to things such as reimbursement for additional living expenses or loss of rental income when you or someone renting part of your house has to move temporarily because of damage to the living quarters.

Coverage of expensive belongings. Most homeowners policies cover jewelry, art and collections, but they may cover only their depreciated value and will probably impose a dollar limit, such as a total of $2,000 to $3,000 total for jewelry. To fully cover those items, you'll need to pay for special coverage (a rider, floater or endorsement).

Most Popular

Your Guide to Roth Conversions
Special Report
Tax Breaks

Your Guide to Roth Conversions

A Kiplinger Special Report
February 25, 2021
How to Calculate the Break-Even Age for Taking Social Security
social security

How to Calculate the Break-Even Age for Taking Social Security

When it comes to maximizing your Social Security benefits, there are many elements to consider. One factor that can be especially enlightening is your…
August 30, 2021
Spend Without Worry in Retirement
Financial Planning

Spend Without Worry in Retirement

Fears of running out of money prevent many retirees from tapping the nest egg they’ve worked a lifetime to save. With these strategies, you can genera…
August 30, 2021

Recommended

Your Tree, Your Neighbor’s Property: Whose Insurance Pays?
insurance

Your Tree, Your Neighbor’s Property: Whose Insurance Pays?

And how to be a good neighbor when your tree drops by uninvited.
September 2, 2021
10 Things to Know About Hurricane Insurance Claims
Becoming a Homeowner

10 Things to Know About Hurricane Insurance Claims

Know what's covered, what isn't, and how to make the most of your policy if you need to file a claim.
August 30, 2021
Think Twice About Applying for Credit
Basics

Think Twice About Applying for Credit

Credit card issuers are offering a lot of incentives, but your credit score could suffer.
August 27, 2021
Should You Invest in Crypto?
Becoming an Investor

Should You Invest in Crypto?

Before you put any money into cryptocurrencies, establish a core portfolio in line with your investing goals.
August 25, 2021