Home Insurance

Home Insurance is an insurance policy designed to protect homeowners from the loss of, or damage to, their home. In the event of a covered claim, such as a fire, theft or hail damage, a home insurance policy will provide financial protection to cover the cost of repairing or rebuilding your home. Standard home insurance is comprised of 6 important types of coverage:

  1. Dwelling Coverage is a part of home insurance that protects against financial loss to the physical structure of your home- meaning, the foundation, frame, walls and roof.
  2. Other Structures Coverage protects the structures on your property other than your home including detached garages and sheds.
  3. Contents Coverage is part of a home insurance policy that provides protection for your belongings in the event they are stolen or lost in a covered claim.
  4. Loss of Use Coverage provides financial assistance in the event that your home becomes uninhabitable because of a covered claim.
  5. Personal Liability Coverage is part of a home insurance policy that provides financial protection in the event you are presented with a lawsuit.
  6. Medical Payment Coverage is part of a standard home insurance policy that offers payments if someone is injured on your property and you would like to help pay for their medical bills.
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Article Link: What is Homeowners Insurance?