A house is an investment that can last for many years after it is purchased, or can end up being wasted money in no time. For instance, you can lose the entire investment if a bad storm passes through your area and destroys the house. There are actually numerous types of unexpected disasters that can destroy a house. If you want to be prepared for the unexpected, it is wise to cover your home with insurance. Take a look at the information in the list below to learn what homeowners insurance can cover.
Destruction from Fires
The bad thing about fires is that they can destroy a house within minutes of starting. It is also possible for a fire to spark up at any time of the day or night, such as if there are electrical problems in your house. Even if the fire happens to get put out before it able to spread throughout the entire house, it is likely that the damage from smoke will be widespread. No matter what kind of damage a fire causes, you will be able to file a claim for compensation if you have homeowners insurance coverage. The policy might cover a large portion of the repair fees depending on which insurance company you have.
A home burglary is the type of situation that can leave you without a substantial amount of stolen valuables. The thieves can also leave your house with a lot of damage, such as if they decide to vandalize it in the process of stealing. If you don't have the right kind of income, replacing the stolen items and repairing the damage can take a while to accomplish. Your life can get back to normal in a timely manner if you are covered under a homeowners insurance policy. Keep in mind that individual valuables can be covered with their own policy as well.
Storm Damage to the Roof
The roof is usually the first part of a house that undergoes damage when there is a storm. Even something as minor as the wind knocking off a few shingles should be considered severe damage. The reason why is because the missing shingles makes it possible for the roof deck to be exposed to outside elements and deteriorate in a speedy manner. Homeowners insurance coverage makes it possible for you to repair the roof no matter how minor or severe the damage is. The amount of compensation is usually enough for the roof to be replaced if it is necessary.