Home Insurance

A standard homeowners insurance policy typically helps cover your home’s structure, personal belongings, personal liability, and additional living expenses if your home becomes uninhabitable after a covered loss. Coverage varies by policy, so it’s important to review your specific coverage with your insurance agent.

Homeowners insurance isn’t required by law, but most mortgage lenders require it until your home loan is paid off. Even if you own your home outright, maintaining coverage can help protect one of your biggest financial investments.

Homeowners insurance often covers roof damage caused by covered perils such as wind, hail, fire, or falling trees. Damage resulting from normal wear and tear, age, or lack of maintenance is generally not covered.

Homeowners insurance may cover sudden and accidental water damage, such as a burst pipe or an overflowing washing machine. However, damage caused by flooding, sewer backups, or long-term leaks is usually excluded unless you have additional coverage.

No, standard homeowners insurance policies typically do not cover flood damage. If your home is located in a flood-prone area—or even if it isn’t—you may want to consider purchasing a separate flood insurance policy for additional protection.

Your homeowners insurance should provide enough dwelling coverage to rebuild your home at today’s construction costs, not necessarily its market value. An independent insurance agent can help determine the appropriate amount of coverage for your home.

A deductible is the amount you pay out of pocket before your insurance coverage begins to pay for a covered claim. Generally, choosing a higher deductible can lower your premium, while a lower deductible typically results in a higher premium.

Yes, most homeowners insurance policies include personal property coverage for belongings like furniture, clothing, electronics, and appliances if they’re damaged or stolen due to a covered loss. Some high-value items, such as jewelry or collectibles, may require additional coverage.

Personal liability coverage helps protect you financially if you’re found legally responsible for injuries to another person or damage to someone else’s property. It may also help cover legal defense costs if you’re sued for a covered incident.

Many homeowners qualify for discounts by bundling their home and auto insurance, installing security or fire protection systems, maintaining a claims-free history, or choosing a higher deductible. Your insurance agent can help identify discounts that may be available based on your home and policy.

Some homeowners insurance policies offer identity theft protection as an optional endorsement. This coverage may help pay for certain expenses related to restoring your identity if your personal information is stolen. Coverage varies by policy, so it’s a good idea to review your available options with your insurance agent.