There are a variety of types of homeowners insurance policies that can meet your needs, depending on your property type and financial situation.
The “Special Form” HO-3 policy is the standard for most owner-occupied single-family homes.
Coverage for medical expenses: If a guest gets hurt on your property, your homeowners insurance should cover some of the cost of their medical care.
Regardless of whether a finding of negligence on the part of the policyholder is made.
It typically carries a coverage limit of between $1,000 and $10,000 in the event that a guest sustains an injury while on the property of the homeowners and requires medical attention.
Extra everyday costs: This kind of insurance, also known as loss of use coverage, covers additional costs incurred when a property becomes inhabitable after a loss.
For instance, if there is damage from a fire and you need to stay in a hotel, you can use additional coverage for living expenses.
