WHAT IS HOMEOWNERS INSURANCE?
Homeowners insurance is made up of coverages that may help pay to repair or replace your home and belongings if they are damaged by certain perils, such as fire or theft. It may also help cover costs if you accidentally damage another person’s property or if a visitor is injured at your home.
WHAT DOES HOMEOWNERS INSURANCE COST?
The costs of homeowners insurance depend on a number of factors, including the coverages you select, features of your home and the value of your personal belongings. There may also be extra costs for additional coverage or increased coverage limits. An agent can help you choose the coverages that fit your needs and also help determine if you are eligible for any policy discounts.
WHAT DOES HOMEOWNERS INSURANCE COVER?
Homeowners insurance typically helps cover:
- Your dwelling
- Other structures on your property
- Personal property
- Liability for injuries or damage to someone else’s property
You may also be able to purchase additional coverages for greater protection. Typical homeowners insurance policies offer coverage for damage caused by fires, lightning strikes, windstorms and hail. But, it’s important to know that not all natural disasters are covered by homeowners insurance. For example, damage caused by earthquakes and floods are not typically covered by homeowners insurance. You may be able to purchase separate insurance policies to help protect your home and belongings against those types of risks.