Home Protector Plus (inflation protection): This isn’t macroeconomics.You can build out your Liberty Mutual homeowners policy with add-ons like inflation protection.
Liberty Mutual will foot the difference between your normal cost of living (mortgage, gas, and groceries) and the bills for your temporary accommodation (hotel, apartment, restaurants, etc.). Loss of use (living expenses): Say that your home is unlivable while you’re repairing or rebuilding it - or because your neighborhood is inaccessible for any reason.Coverage includes court costs in the event of a lawsuit. 1 Liability insurance ensures you’re covered if you or your family (including pets!) damages your property or if any guests on your property get hurt. Liability: They may not happen as frequently as theft or weather damage, but accidents in or around our homes aren’t once-in-a-blue-moon events.You’d have to pay the balance out of pocket to get your TV back. With ACV coverage, Liberty Mutual would give you $500 to buy a new TV. Its value today, after 24 months in your living room entertainment center, is closer to $500. Too much jargon? Let’s say your 4K Ultra HD TV cost you $2,000 two years ago. Possessions: Standard possessions coverage with Liberty Mutual is actual cash value (ACV).FYI: Wind and hail are considered an extra deductible with Liberty Mutual. Coverage includes damage or loss from fire, water, certain types of weather, theft, and vandalism. Property and other structures: Liberty Mutual home insurance policies cover damage to your house and anything attached to your house (fences, sheds, driveways, etc.).Homeowner’s Tip: When it comes to water damage, insurers are thinking about things like freezing pipes, not overflowing sewers or flooding, so expect to pay extra if you want that type of coverage.
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