Homeowners Insurance Made Simple pt. 3
In part 2 of our Homeowners Insurance Made Simple series, we discussed the various types of things that could be protected under a given homeowners insurance policy, and also talked about the manner in which personal belongings are covered. In part 3 of this series, we will go through the process of what happens in the event of a loss or accident within your home.
When filing a claim for a covered loss, you may be responsible for paying a set amount, called a deductible, to repair or replace any items that were damaged or stolen.
A couple other notes on deductibles:
- Not all coverages will have a deductible. However, a deductible will always apply to Allstates Dwelling, Other Structures and Personal Property coverages.
- The amount of any deductible will be shown on your Policy Declarations next to the coverage
- In most cases, you choose the deductible from a range of options. A higher deductible usually means a lower insurance premium.
In the event that an accident takes place in your home, Allstate homeowners insurance provides the following types of coverage to protect you in these situations:
Family Liability Protection can help protect you from financial loss if youre legally obligated to pay for another persons injuries or damage to another persons property
Guest Medical Protection can help pay for reasonable and necessary medical expenses if someone is injured in an accident on your property
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