Homeowners Insurance Coverage: Complete Guide
Homeowners insurance protects your most valuable asset—your home. Understanding what's covered and what's not can help you choose the right policy.
Most mortgage lenders require homeowners insurance, but even if you own your home outright, insurance is essential protection against unexpected disasters.
Standard Coverage Types
Dwelling Coverage: Protects the structure of your home and attached structures like garages or decks.
Personal Property: Covers your belongings inside the home, including furniture, electronics, and clothing.
Liability Coverage: Protects you if someone is injured on your property or you damage someone else's property.
Additional Living Expenses: Covers costs if you need to live elsewhere while your home is being repaired.
What's Typically Covered
- Fire and smoke damage
- Wind and hail damage
- Theft and vandalism
- Water damage (from burst pipes, not floods)
- Liability for injuries on your property
- Medical payments for guests
What's Typically Not Covered
- Floods (requires separate flood insurance)
- Earthquakes (requires separate coverage)
- Normal wear and tear
- Intentional damage
- Certain high-value items (may need endorsements)
How Much Coverage Do You Need?
Your dwelling coverage should equal the cost to rebuild your home, not its market value. Consider:
- Square footage and construction type
- Local building costs
- Features and upgrades
- Personal property value
Get Quotes Today
Don't wait until disaster strikes. Compare homeowners insurance quotes from multiple providers to ensure you have adequate coverage at the best price.