A home is often a family's largest asset. Homeowners insurance protects the structure, personal property, and liability exposures that come with ownership.
Licensed agents at 1-800-INSURANCE (1-800-467-8726) can help you evaluate coverage options, limits, and endorsements tailored to your property.
What Home Insurance Covers#
Standard policies typically include:
- Dwelling coverage: Rebuild or repair the structure after covered perils.
- Other structures: Garages, sheds, or fences not attached to the main home.
- Personal property: Furniture, electronics, clothing, and belongings.
- Loss of use: Living expenses if a covered loss makes the home uninhabitable.
- Personal liability: Injuries or property damage you or family members cause to others.
- Medical payments: Limited coverage for guest injuries.
Understanding Perils and Exclusions#
Most policies cover events such as fire, lightning, wind, hail, and theft. Floods, earthquakes, and sewer backups are typically excluded and require separate policies or endorsements. Licensed agents can clarify geographic risks and lender requirements.
Determining Coverage Amounts#
Replacement cost should reflect what it would cost to rebuild today—not the home's market value. Review construction materials, labor costs, and local building codes. Personal property limits may need scheduling for high-value items like jewelry or art.
Deductibles and Premiums#
Higher deductibles can lower premiums but increase out-of-pocket costs after a loss. Insurers may offer separate deductibles for wind or hurricane exposure. Ask agents about the impact of claims history, credit, roof age, and security devices on premiums.
Endorsements and Optional Coverages#
- Extended replacement cost: Adds a cushion beyond dwelling limits.
- Water backup: Covers damage from sump pump failures or drain backups.
- Equipment breakdown: Protects mechanical systems like HVAC.
- Service line coverage: Extends to underground pipes or wiring.
- Flood or earthquake policies: Often purchased separately.
Maintaining Coverage Accuracy#
Update your insurer after renovations, additions, or significant purchases so limits reflect current value. Keep an updated home inventory (photos, receipts, serial numbers) to streamline claims.
Risk Reduction Tips#
Install smoke detectors, smart leak sensors, and monitored security to reduce claims likelihood. Regular maintenance—clearing gutters, trimming trees, servicing HVAC—protects against preventable damage.
Filing Claims Effectively#
Document damage with photos and video, prevent further harm when safe, and contact your insurer promptly. Claims adjusters will evaluate damage; keeping receipts for temporary repairs or lodging speeds reimbursement.
Call 1-800-INSURANCE (1-800-467-8726) for personalized guidance on protecting your home.