What is Homeowners Insurance?
Simply put, homeowners insurance provides financial protection against disaster and liability losses. A standard policy insures the home, detached structures, liability, medical payments and loss of use due to a covered cause.
Homeowners insurance is a package policy. This means that it covers both damage to property as well as liability or legal responsibility for any injuries and property damage the homeowner, members of the family or certain household pets cause to other people.
Why do homeowners need it?
With homeowners insurance owners are able to financially protect one of their largest investments from unexpected occurrences. Here’s why it’s important to have homeowners insurance:
- If a home is destroyed by fire or damaged by a natural disaster, coverage provides funds to repair or replace it.
- If a guest in a home is injured, policies protect owners from liability protection and medical expenses coming out of their pockets.
- If a home is robbed or vandalized, coverage reimburses you for your loss or pays for repairs.
Homeowners insurance is meant to cover unexpected damage, not routine maintenance. We can help you understand exactly what’s included and what is not.