Understanding Home Insurance

Having the right insurance coverage can give you real peace of mind about your home and everything in it. Let’s take a look at the basics of a homeowner's policy so you know exactly what’s protected—and how.

Coverages

Dwelling Coverage

What It Is

Covers the structure of your house—walls, roof, foundation, and built-in systems (like plumbing and electrical).

Why It Matters

Helps pay to rebuild or repair your home if it’s damaged by covered events like fire, storms, or other perils listed in your policy.

Things to Note

Make sure your coverage reflects the cost to rebuild, not the market value of the home.
If you have special features (e.g., custom cabinets or a finished basement), be sure to mention them.

Personal Property Coverage

What It Is

Protects the belongings inside your home—furniture, clothing, electronics—if they’re stolen or damaged by a covered event.

Why It Matters

Replacing your personal items after a loss can be expensive. This coverage helps ease that financial burden.

Things to Note

Coverage Limits: High-value items (like jewelry or art) might need additional coverage.
Actual Cash Value vs. Replacement Cost: Understand whether your policy reimburses depreciated value or the full cost to replace.

Personal Liability Coverage

What It Is

Covers you if you’re legally responsible for someone’s injury or property damage on your premises.

Why It Matters

Medical bills and legal fees add up quickly. Liability coverage helps protect your finances if accidents happen around your home.

Things to Note

Coverage Limits: You can often increase the limit for a small extra cost.
Umbrella Policies: An additional layer of protection that kicks in when liability limits on your home policy run out.

Additional Coverages

What They Are

Loss of Use (Additional Living Expenses): Helps pay for a temporary place to stay during major home repairs.
Flood or Earthquake Coverage: Not included in a standard policy—usually requires separate or add-on coverage.
Scheduled Personal Property: Extra protection for high-value items like jewelry or collectibles.

Why They Matter

Fill in the gaps where standard homeowners insurance might leave you exposed.
Essential if you live in areas prone to natural disasters not covered by a regular policy.

Things to Note

Location-Specific Risks: If your area faces specific hazards, consider adding coverage that addresses those concerns.

Ready to settle in with confidence?

Moving is a big step. If you’d like a straightforward look at your homeowners coverage options, click below for a quick quote. I’m here to help you understand your best options so you can focus on enjoying your new place.