Homeowners insurance can be a vital financial safeguard for one of your most significant investments—your home. Whether you’re a first-time homebuyer or looking to update your current policy, understanding the various aspects of homeowners insurance can help you make informed decisions to financially protect your home and assets against unforeseen events.

What Does Homeowners Insurance Cover?

Homeowners insurance typically includes coverage for the following:

Structural coverage insures your house, garage and often detached buildings on the property. It usually helps cover damage from incidents, such as fires, weather events and theft.

• Contents coverage can help pay for damaged or stolen belongings, covering items such as furniture, electronics and clothing.
• Liability coverage can help cover third-party costs if you accidentally harm someone or damage their property. It often applies to incidents both on and off your property.
• Loss of use coverage can help reimburse you for expenses like hotel bills and dining costs if you need to move out of your home temporarily due to damage.

Are All Homeowners Insurance Policies the Same?

All homeowners insurance policies are not the same. Policies can vary based on their coverage options, limits and exclusions. Factors such as the type of home, its location and the value of the possessions within it can influence the specifics of the policy. Additionally, some policies may include coverage for certain risks like fire or theft, while others might exclude coverage for events like floods or earthquakes. It’s essential to thoroughly review and compare various policies to find one that best suits your circumstances and offers sufficient protection for your home and possessions.

Learn More

For homeowners insurance near you, contact Elliott-Hartman Agency.