What does State Farm homeowners policy cover?
Unless the cause of loss is excluded in the policy, a homeowners policy provides coverage for personal liability, medical payments to others, and accidental direct physical loss to your dwelling.
In addition, the policy provides coverage for your personal property for specific perils including, but not limited to: Fire..
What qualifies as loss of use?
Loss of Use coverage only applies when your home becomes uninhabitable resulting from a covered loss. This coverage covers any Additional Living Expense, meaning any necessary expense that exceeds your normal standard of living. For example, you normally spend $300 per month for groceries.
What is not covered by homeowners policy?
Typical homeowners insurance policies offer coverage for damage caused by fires, lightning strikes, windstorms and hail. … For example, damage caused by earthquakes and floods are not typically covered by homeowners insurance.
What is loss of use insurance coverage?
Loss of use coverage, also known as additional living expenses (ALE) insurance, or Coverage D, can help pay for the additional costs you might incur for reasonable housing and living expenses if a covered event makes your house temporarily uninhabitable while it’s being repaired or rebuilt.
Does State Farm renters insurance cover loss of use?
Loss of use: If your home becomes uninhabitable because of a covered loss, State Farm renters insurance provides money for living expenses or for the people in your household to live somewhere else for up to two years.
Is there a deductible for loss of use?
No, you don’t pay a deductible for loss of use insurance. The full cost of your living expenses will be reimbursed up to your policy’s limit, and you don’t have to pay anything out-of-pocket.