Types of Home Insurance

Moving into a new home marks the start of new-found freedom, a necessary step up for anyone looking to get some independence within the Midland, TX area. But with freedom comes responsibility, a factor that will call for basic comprehension of home insurance. Luckily, Ledford Agency LLC can help with this, with the following coverage options coming in handy for new homeowners and anyone looking to refresh their understanding of home policies.

Content Coverage

If you have ever lost any personal belonging, chances are you understand how expensive some items can get, an aspect that significantly increases when dealing with household items. Content coverage pays for property destruction after vandalism occurs or when you experience electrical or water damage. In addition to this, it also provides reimbursement during a theft.

Dwelling Coverage

Dwelling coverage protects the structure of your house, with the focus being on areas such as ceilings, walls, floors, and built-in appliances. Perils insured under this policy generally include fire, hail, and vandalism.

Liability Coverage

Liability coverage takes care of bodily injury claims and property damage to guests. In instances where the injured party files a lawsuit, liability coverage also helps pay for expenses such as legal fees and any compensation awarded during the trial.

Medical Payments Coverage

If you lack liability coverage, medical payment coverage is another ideal policy to consider getting as it will provide protection when your guests get injured. Items covered by medical payments coverage include hospital bills and other injury-related examinations.

Additional Living Expenses Insurance

When your home becomes uninhabitable due to substantial property damage, getting accommodation elsewhere will be your next option. Additional living expenses insurance pays for your accommodation costs and other expenses arising from your stay in hotels. Note, however, that your living costs are only covered when the cause of damage falls under insured perils.

Please take advantage of Ledford Agency LLC’s home insurance and give us a call today. We also offer reliable services in life insurance, condo insurance, and RV insurance for Midland, TX residents to keep you protected all year long.