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Are Your Belongings Protected By Homeowners Insurance? 4 Answers

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When most people think of home insurance, they think about the protection of the structure against things like storms or a sudden pipe burst. But your homeowners insurance also covers the belongings you own and keep inside that home. But what about belongings of a more unusual nature? What about things not inside your home? Or others' things that are inside your property? Where do these fit into the puzzle? Here are a few answers.

Your Belongings Are Protected in Cars

If there is an auto accident or damage to your vehicle, auto insurance covers the actual vehicle itself. But your stuff inside? That's actually covered in your home insurance policy. While this sounds counter-intuitive, it's because your personal belongings — things that you would normally keep in a home — are covered, no matter where they are currently located. 

Your Business Assets Are Not Protected

Business assets are one thing that isn't generally covered by home insurance even if it's in the home. This includes technology in your home office if used for business purposes, assets in the car used for business reasons, and company equipment you use while working at home. These goods must be covered by a business insurance policy or they are likely to be specifically excluded — even if used in both personal and professional ways. 

Your Stored Stuff Is Protected

Just as your belongings are covered while in your car or RV, they are also covered while in a storage unit or on a moving truck. This is, again, an extension of protection for things that would normally be kept in the home. For this reason, it's often advisable when you move to continue your homeowners policy until you get a new one or a rental insurance policy in place. 

Your Guests' Belongings May Be Protected

Having guests over? The good news is that homeowners insurance generally covers accidents to their person or damage to their stuff. However, each policy is unique and some policies carry special limits on coverage for the belongings of anyone who doesn't live in the household. In addition, if the guest was house-sitting for you, there could be difficulties if the home is considered to be unoccupied by the owners. 

When you understand the extensions and limitations of your insurance, you can ensure that you're properly protected in whatever situation you find yourself. Learn more by consulting with a home insurance provider in your area today. 


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