Most established homeowners already carry homeowners’ insurance. If you’re a new homeowner, or if you’re unsure about what type of coverage is right for you, we can help. 

This guide can help you understand the various parts of a homeowners’ insurance policy so that you can determine what coverage you need. Some parts of a policy come standard, but others require the homeowner to choose certain coverage limits and special additions. 

Physical Home Coverage

If your home is physically damaged, how will you get money to pay for repairs or replacement? From fire or lightning damage to vandalism, wind damage, and more, your home insurance is designed to protect you. 

Another section of your policy also covers damage to other structures, such as a shed or detached garage. 

You’ll have to decide what limits you want for this type of coverage, and your decision should be based on the value of your home. Make sure you understand which parts of your policy cover actual cash value and which parts are based on replacement costs. 

Personal Property

This portion of your home insurance covers damage to, or loss of, your personal property. This can happen due to the same incidents noted above (e.g., fire, lightning, etc). However, personal property coverage also comes into effect if your home is burglarized and your property is stolen. 

If you have particularly valuable items that you want to protect, such as jewelry or artwork, you’ll want to secure a rider. Even if you have a fairly high property coverage limit, there are specific categories of goods that have lower limits. 

Comprehensive Liability 

This type of insurance coverage can be beneficial in the event that someone is injured in your home. Whether it’s a friend, a family member, or a professional coming in to do work, carrying liability insurance will protect you if a third party is injured and brings a legal suit against you for the injuries. 

Obtain Additional Information About Homeowners’ Insurance 

If you’d like a quote for homeowners’ insurance, we’re here to help. We specialize in personalizing your home insurance for a single family home and your specific needs, and we’d love to serve you. Contact us to get a quote for a comprehensive policy at a competitive rate.