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What are some examples of events which are covered in a standard homeowners insurance policy?

A pipe bursts and water flows all over your floor. Are you covered? Yes. The most common homeowners policy (HO-3), covers you for accidental discharge of water from a plumbing system. Check your plumbing and heating systems once a year. While you are covered for damage, who needs the mess and hassle?

A neighbor slips on your sidewalk and threatens to take you to court for damages. Are you covered? Yes. The policy will pay for damages, if the accident is the result of your negligence. It will pay for the legal costs of defending you against a claim. Also, the medical payments part of your homeowners policy will cover medical expenses arising from an injury to a neighbor or a guest. Check the amount of liability protection you have.

Check with your insurance agent or company representative about your homeowner’s policy or call the National Insurance Consumer Helpline at 1-800-942-4242.

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Written by:
Sandra McKinnon, Consumer & Family Economics Specialist, University of Missouri Extension

Cynthia E. Crawford, Ph.D., Consumer & Family Economics Specialist, University of Missouri Extension










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Last update: Saturday, July 26, 2008




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