Since theft is one of the 16 named perils included in most homeowners insurance policies, you’d be eligible to file a claim-after you’ve filed a police report-on your pickpocketed smartphone.Īgain, even if something happened to your property while you were outside the home-vacationing, or visiting a friend, or riding the subway-your insurer will still compensate you for your loss over your deductible. With those basics out of the way, let’s take a look at some common scenarios. Lemonade coverage starts at $1,500 but you can increase your coverage to up to $6,000.
#HOME PROTECTOR ENDORSEMENT PORTABLE#
If you live in California, New York, Virginia, or Florida, all of your personal property-including electronics-is covered by your insurance company to a maximum of $250,000.Įvery other state separates out portable electronics into their own special category. Should you be personally liable for bodily injury or property damage, Coverage E can cover damages and losses, while Coverage F helps pay the medical expenses for guests who sustain injuries on your property.Ī look at what’s covered with a standard Lemonade homeowners insurance policy Does my policy include insurance coverage for electronics?.Coverage D, or “loss of use” coverage, helps cover the extra expenses you incur-for food, transportation, a place to stay, and so on-when your home becomes uninhabitable due to a covered peril.Depending on state law, most policies in the U.S. Unlike Coverages A and B, your personal property is covered only against specific named perils. Coverage C, also called personal property coverage, covers your personal property-like your laptop, phone, furniture, and prized vinyl collection-inside and outside the home.Coverages A and B are considered “open perils policies,” which effectively means that anything not specifically excluded within your policy is covered. Coverage B covers other structures on your property-think sheds, swimming pools, fences, and detached garages.Coverage A, aka “ dwelling coverage,” protects your home itself and any structures attached to it.What else does your policy cover? Here’s what’s included in a basic HO3 (homeowners) policy with Lemonade: We’ve already mentioned that with a homeowners policy, your insurance company covers your devices against named perils. Lemonade homeowners or renters insurance on electronics.Does my policy include insurance for electronics?.What’s covered by homeowners insurance?.
Curious to know more? Here’s what we’ll cover in this article:
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