Homeowner Insurance 

Homeowner insurance policies are designed to cover homeowner's personal liability to others in areas of bodily injury, and property damage to your home or premises by a specified peril listed on your insurance policy.

Homeowner property coverage protect your dwelling, other structures (10 percent of dwelling), contents/ personal property (50 percent of dwelling), and loss of use (20 percent). These coverages stack on top of one another.

Example: based on a home insured for $100,000.

Residence Premises: $100,000 - The dwelling named on the declaration page of your homeowner insurance policy, including any structures attached to the dwelling.

Other Structures: (10 percent) $10,000 - Other structures on the residence premises not attached or set apart from the residence premises by a clear space including structures connected only by a fence or a utility line. Business and Farm structures are not covered under a homeowner policy.

Contents/Personal Property: (50 percent) $50,000 - Personal property (contents) owned or used by the insured while anywhere in the world for the perils named on the policy.

Off-Premises Personal Property: (10 percent of personal property coverage or $1000, whichever is more.) $5,000 - Personal property that is regularly or permanently located in an insurable residence other than your residence premises.

Loss of use: (20 percent) $20,000 - Loss of use applies when the residence premises is not fit to live in due to a covered peril listed on the declaration page of your homeowner policy.

Total Coverage = $185,000 - this is how a homeowners policy stacks coverage.

Many types of personal property are NOT covered on a homeowner policy.

• Animals, birds, fish
• Motor vehicles other than those used solely to service the premises or designed to assist the handicapped
• Aircraft, except hobby or model aircraft
• Property of roomers, unless related to the insured

In addition to your home property coverage listed above, all homeowner policies contain several additional coverages, most of which are in addition to your homeowner policy limits. These additional coverages are included in your homeowner policy.

If you have any further questions, please call us at Executive Insurance Group. Our team of experts can be reached Mon-Fri 8 a.m.-5 p.m. at 330.966.0080 locally, 800.981.0080 toll free, or email: info@executiveinsurance.com