Dwelling – This covers the physical structure of your home, like the walls, floors and roof.
Other Structures – This can help protect the physical structure of buildings on your property that are separate from your home, such as a shed or a detached garage.
Personal Property – Personal property insures the belongings inside your home, w like furniture, computers, clothing and more. And if these belongings are stolen or damaged away from your home, personal property coverage could also kick in.
Personal Liability – Liability insurance can help pay the legal costs if someone makes a claim against you or sues you after being injured on your property. Think dog bites, slips etc.
Guest Medical Protection – This type of coverage can help cover the cost of medical expenses for a person who’s injured on your property.
Loss of Use: If a fire or other insured loss damages your house, you might need somewhere else to stay. Loss of use can cover the increase in cost to live until you can move back in.
Market Value vs. Replacement Cost When it comes to home insurance, you need to make an important distinction: Market value is the amount you could sell your home for, including the land, regardless of how much it would cost to rebuild the home. It is depending on the real estate and other markets that are not tied to the actual physical value of your house.
Property exposure includes the dwelling, its contents, and any related non-business structures and their contents located on the premises. The most significant controllable hazards are fire and theft. The major uncontrollable hazards are windstorm, hail, snow and ice, flood and earthquake. The age of the structure and its maintenance are primary concerns since both can contribute to losses. Fire hazards include electrical wiring, heating, cooling, and cooking equipment. The location of the property, type of contents, adequacy of locks and alarm systems are important when evaluating theft exposures.
The property’s location is the key to assessing its vulnerability to natural disasters such as wind, hail, snow and ice, flood, or earthquake. The premises should be built to current code. Vegetation should be trimmed and away from the structures.
Inland marine exposure includes any antiques, collectibles, electronics, fine arts, firearms, furs, jewelry, silverware, and other types of property subject to sublimits and exclusions within the homeowners policy. As these items are often attractive theft targets, security features such as locks, alarms, off-premise/transit exposures and storage arrangements should be reviewed.
Personal liability exposure arises from conditions at the premises and the actions of the members of the household (including pets). The age of any children, the social and civic organizations, and sports that the family participates in can all impact the loss potential. In addition, the type and breed of any pet(s) should be considered. Pools, trampolines, tree houses, playground equipment, non-licensed motorized vehicles, and similar attractions must be secured to prevent young children from gaining unsupervised access.
Auto exposures are from household members driving owned, rented, or borrowed vehicles or from loaning their vehicles to others outside the household. All drivers must be identified, licensed, and have acceptable MVRs. The type of vehicle, ownership, the principle driver, garaging location, miles driven, and type of driving must be considered when evaluating the exposure. Age and experience of each driver must be evaluated. Driving courses can assist drivers of any age.
The exposure of household residents temporarily living away from the household exposures such as students away at college is important to explore because of potential vehicle ownership, state compliance, garaging, and usage changes.
These coverage extensions are for additional amounts of insurance:
If you are looking for state specific Homeowners Insurance quotes, costs and information:
