Purchasing a home is one of the landmark investments you'll make in life. After undergoing the trouble to finance the property, it makes sense to cover it with home insurance. With such coverage, you'll comfortably cater to repair or rebuilding costs if anything happens to your home.

Before signing up for homeowners insurance, you must know its particulars and unique situations you can cover with your premiums. Indeed, it would help if you asked your agent to clarify whether your policy caters to the actual price value or overall replacement costs. Here are some situations you'll cover with home insurance.

1. Unexpected And Accidental Flooding

Homeowners' insurance is perfect for sudden and unexpected flooding. Leaks from your plumbing system, appliances, or sprinklers fall under this category. For instance, if your water heater tank springs a leak and floods the basement, home insurance cover caters to the floor or furniture replacement costs. 

You must check with your insurer since the cause of accidental flooding determines the success of your claim. Remember, if you want to cover the flooding caused by an overflowing river or a backed-up sewer, you must buy additional flood insurance.

2. Fire

Fire is a leading cause of property damage across many states. Broken gas lines, electric wires, and faulty heating systems trigger infernos that can leave you homeless. But staying on top of your home insurance payments gives you peace of mind. As a homeowner in a wildfire-prone area, you must budget for fire insurance annually. 

Even though you observe safe cooking and proper electric system maintenance, you must update your premiums and other insurance terms and conditions. If a fire starts in your home and damages your neighbor's property, you are liable, but homeowner's insurance bails you out.

3. Theft

Home break-ins are a leading cause of property loss in the US. Even though burglar deterrent measures reduce such incidences, your home insurance helps you replace lost possessions. Indeed, home insurance covers your gadgets, laptops, big-screen TVs, and other prized items in your storage. If you purchase additional items or jewelry, you must consult your insurer to update your premium.

4. Vandalism

Vandals and ill-intentioned persons can vandalize your home and render it unlivable. For instance, if unruly crowds throw stones and break your windows, you must replace them to regain comfort and efficiency. Equally, vandals can vandalize your gates or garage doors with paint and damage your decorative lights. You can rest knowing the policy will cater to the repairs if you have home insurance.

If you have questions regarding the proper homeowner's insurance package for your property, contact a home insurance company in your area.