What Does Homeowners Insurance Cover?

A traditional home insurance policy includes these coverage parts: the dwelling, other structures, your personal property, and liability. If your home is damaged by a covered loss, then the insurance company will pay to make the insured whole.

Home Insurance Coverage Can Vary

How much insurance coverage do you need to protect your home? It’s not as simple of a question as it may seem, and what exactly you need depends on a number of factors, including your home value, the age of your home, and the type of material it’s made from.

You can find plenty of information online about home insurance coverages and the factors that come into play when choosing the right policy, but here’s an overview of what you need to know about homeowners insurance to get started.

Home insurance coverage can vary based on policy limits, carrier packages, and coverage forms. For example, HO3 coverage forms will not be as broad as an HO5 coverage form. Not all homeowners insurance policies are equal and can coverage can differ with more or less coverage depending on the policy type chosen.

Both new and existing homeowners are on the lookout for the best insurance quotes. New homeowners always want to make sure they’re getting the best coverage and protection, while existing homeowners may face situational changes, may want a better deal, or may find out they need to move and will require a different kind of quote.

Below, we outline the coverage amounts we recommend and also go into how your personal property coverage is determined. There are state limits that vary by carrier, and your agent will know the breakdowns and the amount of coverage you need based on your state or in any specific situation.

Your homeowners insurance covers more than just damage to the dwelling – it’s set up to provide you with coverage for inconveniences like loss of use of your home, medical payments to others, your personal property, and more.

Why You Need Homeowners Insurance

A major natural disaster can destroy your home in an instant. Floods, hurricanes, fires, and tornadoes can all wreak havoc on your property if you don’t have homeowners insurance. Homeowners insurance will cover your l