Just like a Business Owner’s Policy (BOP) combines multiple categories of protection into a single policy, typical homeowners insurance covers three major categories:
- Structure – Protects your home’s roof, walls, foundation, etc.;
- Liability – Protects you from lawsuits in the event a third party experiences injury, damage, or loss (i.e. your dog bites someone or your neighbor slips and falls on your stairs);
- Personal property – Protects your belongings (i.e. anything you would take with you when you move) against damage and/or theft.
It is this last category—theft—that often raises questions, even among veteran homeowners.
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Q. Does my auto insurance cover my rental car?
A. There is a strong chance that it does. Most standard and preferred automobile insurance carriers extend coverage to private passenger vehicles that you rent such as while on vacation. You must check with your specific carrier though, as many non-standard carriers and certain standard/preferred carriers do not extend such coverage. Also, remember that most auto carriers do not extend coverage to non-private passenger vehicles such as do it yourself moving trucks. As always if you have specific questions as to your coverage and policy make sure to contact your agent.