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• Smoke
Fire and Lightning Ice and Snow
Frozen Pipes
Wind Damage
It can also provide coverage for liability claims, medical payments to third parties, and even legal expenses if you are sued by someone. It's very important to read your policy before any event occurs to find out exactly what sort of coverage you have. Most insurers exclude flood or earthquake coverage for instance, although you may be able to purchase special policies that will cover these things.
There can also be limited coverage for very high priced items, or items that would be hard to replace. Therefore additional endorsements or floaters will be needed to protect items such as jewelry, antiques, and other valuables.
Mortgage lenders require you to purchase a minimum amount of insurance, which is usually equal to the appraised value or purchase price of your home. This does not mean this will be enough to rebuild your home, so you may want to consider insuring it for the re-build value.
Something else to consider when purchasing insurance is whether you will be
reimbursed the "cash value of an item minus the depreciation" for the years you have owned the item, which can significantly reduce your reimbursement; this could leave you wondering how you'll ever be able to replace that item at today's costs. Or, you can insure for "total replacement costs", which is more expensive but you would be given the full value of the item at today's prices.