Homeowners Insurance in Cleveland, OH
A common misconception about homeowners insurance is that it covers everything in your home. While standard policies cover many perils, expensive items like fine art or jewelry often have coverage limits unless you purchase additional riders. This illustrates the importance of understanding your policy’s limitations and whether you may need additional coverage.
What Does a Standard Policy Cover? 
Standard homeowners insurance policies typically include the following essential types of coverage:
- Dwelling coverage may pay for repairs to your home’s structure if it’s damaged by covered perils such as fire, hail or lightning.
- Other structures coverage may cover damage to stand-alone structures in your property, including fences, garages and sheds.
- Personal belongings coverage may help repair or replace your items if stolen or damaged due to a covered peril. This may include books, clothes, electronics and sports equipment.
- Liability protection may cover third-party medical bills, your legal fees and other costs if you or your family members are responsible for others’ injuries or property damage.
- Loss of use coverage may pay for accommodation, restaurant meals and other living expenses if you must live elsewhere temporarily due to a covered peril.
Homeowners insurance policies typically do not cover flood and earthquake damage. These require separate insurance policies. If you live in an area prone to flooding or seismic activity, speak with your insurance agent about obtaining the appropriate standalone coverage.
What Is a Homeowners Endorsement?
A homeowners endorsement is an optional add-on to your standard homeowners insurance policy that may increase your coverage limits or fill in the gaps left by a basic policy.
Common types of homeowners endorsements include the following:
- Scheduled personal property endorsement for high-value items, such as antiques, fine art and jewelry.
- Water backup endorsement for damage caused by sewer or drain backups or sump pump failures.
- Animal liability endorsement for enhanced liability coverage if your dog or other pet causes injury or damage to others.
- Home business endorsement for business equipment and liability if you run a small business from home.
- Equipment breakdown endorsement for mechanical or electrical breakdowns of home systems and appliances, such as HVAC units or refrigerators.
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If you’re unsure where to start with homeowners insurance, Rivera's Insurance Agency is here to help you every step of the way. Contact us today.