Always purchase guaranteed replacement cost for you home and replacement cost for your personal property. Make sure your policy is written on the “special form” to get the broadest coverage.
Customer
- Homeowners
Coverage
- Rebuilding your home
- Any other structures on your property like a shed, pool or unattached garage.
- Stuff in your home
- Additional living expenses when you can’t use your home due to a covered loss
- Personal liability (limits can be $300,000, $500,000 and $1M)
- Pays medical bills for a anyone injured on your property
- Liability coverage for any family member living in your home
Cost Factors
- Location of your house
- Your house’s construction
- Your house’s value
- How much liability coverage do you need
- The deductible you choose
- Other options you choose
Claim Examples
- Your water pipe freezes and burst resulting in damage to your basement
- Smoke and fire department damage from a fire
- A place to live and additional expenses after a fire or tornado
- Your sewer line is blocked due to roots and collapse and needs to be replaced
- Your home is burglarized
- Your neighbors little girl breaks her arm on your trampoline
- Your dog bites the mailman
A homeowners policy covers both property and liability claims, so there are multiple coverage limits on your policy. An insurance agent will help you determine the limits you need on those coverages and other one’s you might want to add like:
- matching siding and roofing
- water back-up
- flood
- water seepage
- underground service line
- equipment breakdown
- earthquake
- high value items like jewelry, collections or firearms