Do you think you know everything when it comes to homeowners insurance? Well, it is time to find out. Take our quiz to test your knowledge and learn more about homeowners insurance at Indiana Farm Bureau Insurance.
ⓘ Explanation: Your homeowners policy would cover the damage to the garage while your auto policy would cover the damage to your car. Additionally, some homeowners policies have a $500 tree removal limit that could apply to the removal of that fallen tree.
ⓘ Explanation: Resulting water damage from a broken appliance is typically covered. The appliance is not covered. If it is found that your washing machine broke due to lack of maintenance though, your insurance policy may not cover it.
ⓘ Explanation: Water from outside your home is typically not covered by your homeowners policy. If you live in a flood zone or are worried about flooding, you should contact your agent about the possibility of purchasing a separate flood policy in order to be covered.
Most homeowners insurance policies have three key areas of coverage: the house and any other building on your property, your stuff (belongings) and liability coverage for you in case you are found responsible for an injury or an accident.
You can purchased a Scheduled Personal Property endorsement that can increase the amount of protection for valuables such as jewelry, watches, furs, precious and semi-precious stones and firearms.
At Indiana Farm Bureau Insurance we offer three types of homeowners insurance policies, the HO-3 policy, the HO-2 policy and the HO-8 policy. For more information contact an agent today!
The above quiz contains hypothetical fact scenarios meant to assist the reader to get a better general understanding of their insurance needs. Every policy of insurance contains specific provisions, coverages and limits which may differ from the ones in this quiz. This quiz is in no way to be construed as a guarantee of coverage, nor a waiver of any rights or defenses under the terms of any policy issued.