Is Damage To A Neighbor's Property Covered By Home Insurance?

​Storms, vandalism, and explosions can all cause property damage. Your policy should also cover you against fire and theft. However, although a policy protects your home's structure and personal items, it can protect your neighbor's property in certain circumstances as well.

The personal liability portion of your coverage pays the other party if you're responsible for damages. Understanding how home insurance policies function and purchasing adequate coverage while shopping for coverage is critical.

Personal Liability Coverage
Your homeowner's insurance policy provides four different levels of coverage. Dwelling coverage is one type of protection. This safeguards the structure itself as well as adjacent structures on your property. A shed or detached garage are examples of other constructions.

The Use Of Personal Liability Coverage
You'll need enough dwelling coverage to reconstruct your home completely. Other constructions are covered for around 10% of your dwelling coverage. Personal property is also covered under your policy. This safeguards your personal items, such as:

• Furniture
• Electronics
• Clothes
• Different items of value

There's also a safeguard against misuse. You will be paid for additional living expenses if your house becomes uninhabitable. This translates to a 20% coverage of the dwelling. However, while these regions offer much protection, you're also covered if you damage someone else's property. In that instance, personal liability insurance covers a wide range of scenarios.

You don't simply acquire coverage to safeguard your home as a homeowner. Insurance can also be bought to safeguard your assets in a lawsuit. A tree on your property could fall during a violent storm and cause harm to your neighbor's property. It could smash into their house, garage, shed, or fence.

Even if the harm occurs on their property, you are responsible because your tree is to blame. Depending on the degree of damage, it might cost thousands of dollars. Homeowner's insurance, on the other hand, gives security. You won't have to pay for the losses because your liability insurance will cover them.

Conclusion
There's always the possibility that you'll harm your neighbor's property accidentally. Getting additional coverage would be advantageous for you.

At Desmond Insurance, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get insurance that fits your needs. You can get more information about our products and services by calling our agency at (859) 491-5100. Get your free quote today by CLICKING HERE. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!