You may also be able to purchase additional coverages for greater protection. Liability for injuries or damage to someone else's property.Homeowners insurance typically helps cover: That’s what homeowners insurance will do for you. When it comes to protecting your home, it's important to understand what your policy covers.ĭamages can be expensive-you’ll want coverage to protect you if any happen. One thing to note: If you’ve selected a higher deductible, it’ll help lower your premium and if you’ve selected a lower deductible, it’ll help lower your out-of-pocket cost in case of a claim.Īnd remember, each coverage type has a limit, which is the maximum amount your insurance will pay towards a claim. For instance, if a guest is injured at your home or you accidentally damage another person's property, it can help pay the related expenses if you’re held legally liable.īut keep in mind, you may have to pay the deductible amount that you’ve chosen before your coverage kicks in. This can help pay to repair your home and attached structures if it’s damaged by a covered event, like hail or a windstorm.įor other structures coverage, you can protect detached structures on your property, like a detached garage, fence, gazebo or a shed that’s damaged by a fire.Īnd personal property coverage can help protect what's inside your home, like electronics, furniture and clothing if they're stolen or damaged from a fire, smoke, or vandalism. Well, homeowners insurance helps protect you, your home and your belongings from all sorts of unexpected events.Īnd with a standard policy you’ll get four key types of coverage: dwelling, other structures, personal property and liability. Owning a home is a big investment and you’re probably wondering…how can I protect it? What is homeowners insurance and what does it cover?
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