Standard homeowners insurance policies typically cover losses resulting from the following:

1. Dwelling Coverage

• The structure of your home: Damage to the house itself – walls, roof, foundation, attached structures like garages or decks. This covers perils like:
  • Fire and Smoke
  • Lightning Strikes
  • Wind, hail, and other storms
  • Theft and Vandalism
  • Falling objects (trees, etc.)
  • Weight of ice and snow

2. Other Structures

• Detached structures on your property: Sheds, fences, gazebos, or a detached garage. Coverage is usually around 10% of the dwelling coverage amount.

3. Personal Property

• Your belongings: Furniture, clothing, electronics, appliances, decor – anywhere in the world. Covered against the same perils as your dwelling, plus sometimes accidental loss.
• Limits and exceptions: Valuable items like jewelry, art, or collectibles may have sub-limits (lower coverage maximums).

4. Liability Coverage

• Injuries and property damage to others: If someone is injured on your property or you/your family cause damage to someone else’s property. Includes legal fees, medical bills, and judgments against you.

5. Additional Living Expenses (ALE)

• Temporary relocation costs: If your home becomes uninhabitable due to a covered event, this covers hotel, food, and other living expenses during repairs.

Common Exclusions (not covered by standard policies):

• Floods: Require a separate flood insurance policy.
• Earthquakes: Also require separate earthquake insurance.
• Neglect and normal wear & tear: Damage caused by lack of maintenance isn’t covered.
• Sewer backup: Sometimes offered as an add-on option.
• War or nuclear events

Important Notes:

• Specific policies vary: Always read yours carefully to understand exact coverages and limits.
• Replacement cost vs. Actual cash value: Affects how much you’re paid out for damaged items (replacement gets you new items, actual cash value factors in depreciation).