Homeowner Insurance

Why Buy Homeowners Insurance?

You can’t buy a house without it, and since your home is one of the largest and most important investments you have, it only makes sense to want to protect it.

What does Homeowners Insurance Protect?

It protects from fire, theft, accidents, etc. A homeowner’s policy will cover damage to your home and personal property due to a variety of causes also known as “named perils”. The personal liability portion of a homeowner’s policy provides coverage from any accidents that may occur involving visitors.

EACH HOMEOWNER’S INSURANCE POLICY OFFERS DIFFERENT PROTECTION, BUT STANDARD

POLICIES USUALLY PROVIDE THE FOLLOWING:

  • Broad coverage for damage to your house and any permanent structures on your property, unless excluded.

  • Damage to your personal property due to causes specified in your policy as named perils.

  • Limited coverage—usually $500 - $2,000—for jewelry stolen from your home. If greater coverage is needed an endorsement can be added to your policy.

  • Coverage for personal liability for exposures that arise from being a homeowner.

  • Coverage for additional costs you might incur because of a covered loss.

What kind of Homeowners Insurance should you choose?

It all depends on your personal circumstances. An insurance policy will be designed to fit your needs personally. For example: Do you live in a single-family home or mobile home? Do you live in a town home, condo, or co-op? Do you rent a home but live somewhere else?