Homeowners Insurance

Homeowners insurance policies from American Platinum provide property and personal liability coverages for the dwelling, other structures, personal property, loss of use, personal liability and medical payments. These coverages protect against covered causes of loss such as fire, lightning, vandalism, windstorm and bodily injury or property damage to others.

Additionally, the company offers optional coverages that add to, broaden or extend the coverages for exposures not included in the basic policy forms.

What’s Covered by Your Homeowners Insurance?

Homeowners insurance covers much more than the actual structure you live in. Your policy can extend protection from your house to your property and all your personal possessions if they’re damaged by a number of covered perils. Let’s take a look at the six different coverage types in a homeowners insurance policy.

Dwelling (Coverage A): This coverage helps protect the physical structure of your home, such as the roof, flooring and windows. Your policy’s dwelling coverage should at least match the value of your home. So those policyholders with a $300,000 house should have at least $300,000 worth of dwelling coverage.

Other Structures (Coverage B): This coverage helps protect structures on your property that aren’t directly attached to your home. Things like detached garages, carports, sheds and fences can fall into this category of coverage.

Personal Belongings (Coverage C): This coverage safeguards many things inside the walls or your home and stored on your property, such as electronics, furniture, clothes and tools, if they’re damaged or stolen.

Loss of Use (Coverage D): Also known as additional living expense coverage, loss of use works to reimburse you for extra expenses you incur when a covered peril forces you to temporarily move from your home. These can be things like a rental home of equivalent value and storage fees.

Personal Liability (Coverage E): Liability coverage can be an exponential asset for you. It can kick in if somebody is injured on your property or you accidentally cause damage to someone else’s property. It can help cover medical expenses, repair damage and cover legal fees if the affected party sues you.

Medical Payments (Coverage F): This coverage is similar to its liability counterpart, but it only helps to pay minor medical expenses if another person gets injured on your property.

Some of the optional coverages include:

  • Personal Property Replacement Cost
  • Extended Law and Ordinance
  • Scheduled Jewelry or Other Personal Property
  • Structures Rented to Others
  • Water Back Up and Sump Discharge
  • Personal Liability
  • Cyber Protection (only available in Georgia)

Discounts available include:

  • Windstorm Protective Devices
  • Protective Devices Discount
  • Sprinkler System Discount