Homeowners Insurance

A homeowners policy bundles several protections for your home, your belongings, and your finances. Here are the main parts of a standard policy and how they work for homeowners.

Dwelling Coverage

Dwelling coverage pays to repair or rebuild the physical structure of your home — walls, roof, and attached structures — after a covered loss such as fire, wind, or hail. It should be set to the cost to rebuild your home, not its market value.

Other Structures

This covers structures on your property that are not attached to the house, such as a detached garage, fence, shed, or workshop.

Personal Property

Personal property coverage protects your belongings — furniture, electronics, clothing, and appliances — if they are stolen or damaged by a covered event. High-value items like jewelry may need a separate scheduled endorsement.

Loss of Use

If a covered loss makes your home temporarily unlivable, loss of use (additional living expenses) helps pay for lodging, meals, and other costs while repairs are made.

Personal Liability

Liability coverage protects you if someone is injured on your property or you accidentally damage someone else’s property, including legal defense costs up to your policy limits.

Medical Payments

Medical payments coverage helps pay for minor injuries to guests on your property, regardless of who was at fault.

Is homeowners insurance required?

Homeowners insurance is generally not required by law, but nearly every mortgage lender requires it as a condition of your loan. Even if you own your home outright, a policy protects what is likely your largest asset.

What does a standard homeowners policy cover?

A standard policy typically includes dwelling, other structures, personal property, loss of use, personal liability, and medical payments coverage. Exact terms vary by policy, so review your coverage with your agent.

Does homeowners insurance cover flood damage?

No. Flood damage is excluded from standard homeowners policies. To protect against flooding you need a separate flood insurance policy, which we can also arrange.

Does my policy cover hurricane or wind damage?

Wind and hail are generally covered, but policies in coastal and high-wind regions often carry a separate named-storm or hurricane deductible. It is important to confirm your deductibles before storm season.

How much dwelling coverage do I need?

Your dwelling coverage should reflect the cost to rebuild your home at current construction prices, which can differ from its market or purchase price. We can help you estimate an appropriate amount.

What is the difference between replacement cost and actual cash value?

Replacement cost pays to repair or replace property without deducting for depreciation, while actual cash value subtracts depreciation. Replacement cost coverage generally provides stronger protection.

Homeowners, Condo & Renters Insurance — We Can Offer:

• Many coverages for you & your property
• Responsive & caring claims service
• Affordable property insurance
• Condo & co-op coverage
• Renters insurance
• Replacement cost protection
• Liability protection
• Additional living expenses