Your home is probably the largest investment you'll ever make. Homeowners insurance helps protect that investment by covering damage to your property and belongings, as well as liability if someone is injured on your property.
The Basics of Homeowners Insurance
A standard homeowners insurance policy typically includes several types of coverage:
Dwelling Coverage
This covers the structure of your home, including the walls, roof, foundation, and built-in appliances. It helps pay to repair or rebuild your home if it's damaged by a covered peril like fire, wind, or hail.
Personal Property Coverage
This protects your belongings—furniture, electronics, clothing, and other personal items—from covered perils. It applies whether the items are in your home or with you while traveling.
Liability Protection
If someone is injured on your property or you accidentally damage someone else's property, liability coverage helps pay for their medical bills or repair costs, as well as your legal defense if you're sued.
Additional Living Expenses
If your home becomes uninhabitable due to a covered loss, this coverage helps pay for temporary housing, meals, and other extra expenses while your home is being repaired.
Common Coverage Gaps
Standard homeowners policies don't cover everything. Common exclusions include:
Flood damage: You'll need a separate flood insurance policy
Earthquake damage: This also requires separate coverage
Maintenance issues: Damage from normal wear and tear isn't covered
High-value items: Jewelry, art, and collectibles may need additional coverage
Tips for Choosing Coverage
When selecting homeowners insurance:
Make sure your dwelling coverage is enough to rebuild your home
Create a home inventory to determine how much personal property coverage you need
Consider umbrella insurance for additional liability protection
Review your policy annually and update as needed
Contact us for a comprehensive review of your homeowners insurance needs.