Your Home is More Than Just a House
Your home is also your “castle” filled with treasured possessions you have collected over a lifetime (and sometimes passed down through generations). Your home and your property deserve the best protection. That’s why VYRD is here.
Getting through all the details surrounding home insurance can be tough – but it doesn’t have to be. At VYRD, we specialize in breaking the complex down for you – and that’s just what we are doing here!
Standard Homeowner’s Insurance Policy (HO3)
VYRD’s standard homeowner’s insurance policy (known in the industry as an HO-3 policy) provides coverage for your home and your things, in the event of a covered loss. It also provides personal liability protection which is used when there is damage to someone else’s property as a result of your actions. This includes:
(Coverage A) relates to your homes physical structure
(Coverages B) covers things like your detached garage, fence, tool shed, and pool
(Coverage C) covers your personal property, laptop, television, sofa, sports equipment, etc.
Temporary Living Expenses
(Coverage D) assists with additional living expenses (like hotel bills) if your home becomes unlivable due to a fire, windstorm or other specific peril
(Coverage E) applies to bodily injury or property damage incurred by other people (or their stuff) as a result of your actions. Note that it doesn’t matter if the damage happens at home, or anywhere else.
(Coverage F) helps pay for medical bills pertaining to accidents or injuries guests might have while at your home
SOME EXAMPLES OF WHAT'S COVERED:
If your home is damaged –
VYRD will cover the cost to reconstruct
If a tree falls on your shed, garage, or other structure on your property –
VYRD will help cover the cost of repairs
If your home isn’t livable -
VYRD will pay for temporary housing, meals, pet boarding, storage, etc.
If your stuff gets stolen –
VYRD will help cover the costs to replace it, even if it happens away from home
SOME EXAMPLES OF WHAT'S NOT COVERED:
If you’re sewer backs up and damages your home –
you’ll need an additional endorsement for that
If a river swells and floods your home –
you will not be covered. You’ll need a separate flood insurance policy.
If you neglect or fail to maintain your property –
Termites, insect damage, bird or rodent damage, rust, rot and general wear and tear are not covered.