A home is more than just a place to hang your hat. It’s also one of the biggest investments you can make in life. That’s why we work 鈥媤ith the most trusted insurance providers in the industry to find homeowners policies that protect you, your home and your property.
If a storm, theft or fire ever did strike, homeowners insurance would help by paying the cost to repair or rebuild your home and to replace your belongings. Policies may include coverage for:
- Other structures on your property, such as fences, detached garages and storage sheds
- Furniture, clothing, appliances and electronics
- Alternative housing while your home is being repaired
Homeowners insurance protects you against claims made by others who are injured on your property, and in the event a family member injures someone or damages their property. For example, kids playing baseball on your lawn break a neighbor's large bay window. While the limits vary by policy, the liability protection may provide you with:
- A minimum coverage amount, typically $100,000
- Option to purchase up to $1 million in additional coverage
- Coverage of medical bills for people injured on your property, or in some cases, away from your home
If you're renting a house or apartment, your landlord's insurance only covers the building itself. So it's a good idea to protect your personal belongings with coverage of your own.
There are some simple ways to lower your monthly premium. For example, you could:
- Bundle home, auto and umbrella coverage from same carrier
- Use a monitored alarm and/or video
- Install an interior sprinkler system
- Install smoke detectors and burglar alarms
- Put in deadbolt locks
- Install a fire extinguisher
Many homeowners don't know about the incidental coverages that may be provided in your homeowners policy at no additional cost, including:
- Credit card fraud and forgery
- Fire department service charge
- Refrigerated products
- Arson reward
- Lock replacement
After a loss, it can be difficult to remember everything you had in your home. So it's a good idea to take inventory of the things you own, including the value and serial numbers. Tour your home with a video camera or camera and record everything you'd want to replace. Then store a copy of the video or pictures in a safe place other than your home, in case of a fire or theft.