Homeowner's Rights & Insurance
Homeowners have rights to file certain claims under their homeowner's policy. The insurance policy represents a contract, which outlines the applicable coverage when a covered loss occurs. In addition, liability coverage provides protection when someone else files a claim against the homeowner for bodily injury or property damage.
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Dwelling
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The dwelling on the premises, including attached structures, is entitled to coverage at actual cash value or replacement cost, depending on what kind of policy the homeowner purchases.
Other Structures
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In addition to the dwelling, the policy covers other structures under the same repair terms. The one differentiation is that these structures must be separated from the dwelling by clear space in order to qualify under this coverage.
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Personal Contents
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The homeowner may additionally claim personal contents and belongings damaged from a covered loss.
Loss of Use
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According to Laurie Infantino Zangwill of propertyclaimtips.com, if a covered loss forces the homeowner to leave the premises temporarily, the homeowner has the right to claim those incurred living expenses that are above the normal standard of living. A typical example of a loss of use claim includes reasonable hotel accommodations.
Appraisal
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If the homeowner disagrees on the settlement amount of a claim, the homeowner has the right to invoke the appraisal process per the policy's terms to ultimately determine the amount of the loss, according to the Insurance Claims Group of Cary, North Carolina.
Liability Coverage
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The homeowner has the right to liability coverage, which includes coverage for bodily injury and property damage claims made against the homeowner up to a certain limit. In addition, money-zine.com explains that if a claimant files a lawsuit against the homeowner arising out of a covered loss, the insurance company provides legal counsel and pays all legal expenses.
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