HOMEOWNERS INSURANCE TERMS
PERSONAL CONTENTS COVERAGE
Personal contents coverage protects your personal items, including furniture, clothing, electronics, and
appliances, not permanently attached to the countertop. If you could turn your home upside down and all the things not permanently attached would fall out – these are the items covered under Personal Contents/Property. Most insurance companies offer 50% to 75% of the dwelling for your personal contents/property.
LOSS OF USE COVERAGE Loss of use coverage , also known as Additional Living Expenses (ALE) coverage, is a type of coverage included in many homeowners insurance policies. It provides coverage for any additional living expenses you may incur if your home is damaged or destroyed and you are forced to temporarily relocate from events such as a fire or natural disaster. The coverage typically covers the additional costs of living away from your home, including meals, lodging, and other related expenses. It can also help to cover the costs of replacing items that were lost or damaged in the incident.
PERSONAL LIABILITY Personal liability refers to the coverage that helps protect you if you are found legally liable for someone else's injury or property damage. It helps protect you financially in the event that you are held responsible for the damage or injury. It also
covers legal fees associated with defending yourself in the event of a lawsuit. Personal liability coverage can be found in a standard homeowners insurance policy. Make sure you have enough coverage to meet your needs.
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