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It depends on what level of insurance you purchased.
Some policies are based on Replacement Valuation and will pay to completely rebuild the home in the event of a covered loss. Other policies are based on ACV or Depreciated value and may not provide enough coverage for reconstruction.
It just depends on how much coverage you bought when you shopped your policy.
What else can I help you with?
Does homeowners insurance cover foreclosure?
No. Homeowners Insurance does not cover the owners default on a mortgage note.
Does homeowners insurance cover your child damaging the neighbors vehicle?
No, Your homeowners insurance does not cover vehicle damage. That's what auto insurance is for.
Does homeowners insurance cover your mortgage if you are laid off?
No. This is not what homeowners insurance is for. Homeowners insurance is to pay for physical damage to your home and contents.
Does homeowners insurance cover sprinkler system?
Your homeowners insurance should cover damage to your sprinkler system if the cause of the damage is covered by your homeowners insurance policy such as fire, lightning, freezing of pipes, etc. Homeowners insurance is not a maintenance policy and will not cover mechanical failure of your system.
Does homeowners insurance cover hospital from a car accident?
No, Homeowners insurance is for the house. it does not cover cars or car accident claims.
Does homeowners' liability insurance cover personal injury on another property?
No, your Homeowners Insurance will not. Your Medical Insurance Will.
Will homeowners cover tire theft?
Homeowners insurance does not cover automobile nor there parts.
Does my homeowners insurance cover a neighbors dog attacking my dog?
Not usually. The neighbor's homeowners insurance would cover it underneath their liability insurance.
Will homeowners insurance cover removal of healthy trees?
No, Homeowners Insurance is Hazard Insurance it does not cover the costs of asthetics. That's landscaping or Lawn Maintenance.
Does homeowners insurance cover vandalism to a visitors car in your driveway?
No. Homeowners Insurance does not coverage for automobiles.
Will homeowners insurance cover the damages to a uninsured vehicle on the property?
No, homeowners insurance excludes vehicles.
Does homeowners insurance cover demolition?
Yes. That is covered on a homeowners policy.
