Does Your Homeowner’s Insurance Cover Locksmith Costs?

As a homeowner, you might be curious about what is covered under your homeowner’s insurance policy. When it comes to your home’s security, there are a couple of things you should focus on, such as securing your front and back entrance, your belongings, and the structure.

Imagine coming back home, only to find out that your front door’s lock is broken or you happen to forget the keys inside. What do you plan to do in such a situation? You would probably search online for a “locksmith in my area Hollywood, FL," but before you do this, do you know if your insurance will cover the cost of repair or installation?

There are eight different types of homeowner's insurance policies, and not all of them provide the same coverage. However, none of them covers locksmith costs. Let’s take a look at the why:

What Type of Locksmith Services Are Covered by Homeowner’s Insurance

A locksmith offers services, such as providing access to your house when locked out. However, its cost is usually not included in a homeowner's insurance policy. Though, you can get it in additional coverage.

Locksmith services are covered only in the following scenarios:

The Keys Get Stolen: House keys come under personal property. So, if you lose them, they are stolen or destroyed by a peril that comes under the homeowner’s insurance policy, then your insurance agency will pay for the costs.
Your House Is Vandalized, or Your Safe Is Stolen: An intruder might break into your house and damage appliances or things that are opened with a key. In this case, the insurance policy will cover repair services.
Your Window or Door Got Damaged in an Emergency: If your property gets damaged by an emergency like a fire and a wind storm, your insurance agency will cover the repair costs.

Now that you know how you can add locksmith coverage to your homeowner's insurance policy, let's look at the different types you can choose from based on your needs:

HO-1

Basic Form

This is the most basic type of homeowner's insurance policy. It provides coverage for your home, attached structures, such as appliances, garages, and a few home features, including the deck, carpeting, etc. It does not cover personal property, additional living expenses, or liability. Since it comes with a couple of limitations, most people don't consider it a good option for their home.

HO-1 refers to a named perils policy because it covers your house in specific situations that typically include:

Explosions
Damage from vehicles or aircrafts
Windstorms and Hail
Fire and lightning
Riots
Theft
Smoke
Vandalism
Civil commotion or a riot
Volcanic eruption

HO-2

Broad Form

This homeowner's insurance policy covers your personal belongings and your home. Some insurance companies even provide coverage for personal belongings in your car or anywhere away from your property.

HO-2 also refers to a named perils policy because it covers your personal items and home under the same perils, such as HO-1. A few additional hazards and emergencies that HO-2 includes are:

Overflow of accidental discharge of steam or water in the home
Burning, cracking, and tearing apart of some household systems
A falling object
Freezing or air conditioning and heating systems and pipes
Weight from sleet, snow, and ice
Accidental and sudden damage from electrical currents

HO-3

This insurance policy is commonly used to cover your home, liability, personal property, medical expenses, and living expenses. In addition to the hazards mentioned earlier, HO-3 also covers the following:

Foundation issues
Defective maintenance or construction
Government actions
Pollution and corrosion
Pet damage
Theft, frozen pipes, and vandalism in vacant houses
Flood
Wear and tear
Earth movement
Nuclear hazard
War
Intentional loss
Mold, wet rot, fungus
Neglect
Power failure
Ordinance or law
Smog, corrosion, or rust
Mechanical breakdown
Rodents, birds, varmint

Personal items are insured in the following circumstances:

Explosions
Damage from vehicles or aircrafts
Falling objects
Damage from snow or ice
Fire and lightning
Damages caused by current
Hail and windstorms
Riots
Pipes freezing
Smoke
Water heater damage
Vandalism
Theft
Volcanic eruptions
Water damage from HVAC overflow or plumbing

HO-4

Renters Insurance

This insurance policy is for renters. It allows them to ensure their apartment and personal belongings. Since the insurance policy is for a rental apartment, it does not cover the structure. However, it does cover the following emergencies:

Damages caused current
Volcanic eruptions
Damage from vehicles and aircrafts
Vandalism
Explosions
Damage from snow or ice
Falling objects
Water damage from HVAC overflow or plumbing
Hail and windstorms
Fire and lightning
Pipes freezing
Smoke
Riots
Theft
Water heater damage

HO-5

This comprehensive insurance policy covers your home, liability, personal property, medical expenses, living expenses, and more. It also has room for jewelry. The HO-5 will protect you from the following perils:

Government laws or actions
Earth movement
Infestation of insects, birds, or rodents
Mechanical breakdown
Intentional loss
Mold
Pets
Nuclear hazard
Vandalism when the property is empty for more than two months
Water damages from sewer backup and floods
War

HO-6

This insurance policy is for condo owners. Apart from additional living expenses and personal liability, it also provides dwelling coverage. Since condos are owned like houses, this insurance policy covers common areas. The HO-6 will protect you from the following perils:

Damages caused current
Volcanic eruptions
Damage from vehicles and aircrafts
Vandalism
Explosions
Damage from snow or ice
Falling objects
Water damage from HVAC overflow or plumbing
Hail and windstorms
Fire and lightning
Pipes freezing
Smoke
Riots
Theft
Water heater damage

HO-7

This insurance policy covers manufactured and mobile homes. The HO-7 will protect you from the following perils:

Explosions
Damage from vehicles or aircrafts
Fire and lightning
Riots
Hail and windstorms
Smoke
Vandalism
Theft

HO-8

This insurance policy is for older homes. To avoid the cost of repairs, most people for HO-8 insurance. The HO-8 will protect you from the following perils:

Damage from vehicles or aircraft
Fire and lightning
Explosions
Riots
Hail and windstorms
Smoke
Vandalism
Theft

So, there you have it ― eight different types of insurance policies, which can be modified with additional coverage to include locksmith costs.

If you are searching for “find a locksmith near me in Hollywood, FL," visit the website Keys Plus Locksmith. The company provides unlocking services for homes, commercial properties, automobiles, and motorcycles. For further information, call (954) 932-9328.