Home Insurance
Home insurance is designed to provide specified protection for a home and related risks. Coverage depends on the policy, limits, deductibles, exclusions, and applicable conditions.
What Is Home Insurance?
Homeowners insurance commonly combines several forms of protection, including coverage for the dwelling, other structures, personal property, liability, and additional living expenses.
Dwelling Coverage
Dwelling coverage generally addresses the insured home's structure against covered causes of loss, subject to policy terms and limits.
Other Structures
Other structures coverage can apply to certain structures on the property that are separate from the main dwelling, subject to the policy.
Personal Property
Personal property coverage can protect certain belongings against covered losses, subject to limits, exclusions, and valuation provisions.
Liability Coverage
Liability coverage can provide protection for certain claims involving bodily injury or property damage for which the insured may be legally responsible, subject to the policy.
Additional Living Expenses
Some policies may help with certain additional living expenses when a covered loss makes the home uninhabitable, subject to policy terms.
What Home Insurance Does Not Usually Cover
Common exclusions and limitations can include certain types of water damage, earth movement, wear and tear, and other losses depending on the policy. Separate coverage may be available for some risks.
How Home Insurance Claims Work
A claim generally involves reporting the loss, documenting damage, cooperating with the insurer's investigation, and resolving the claim according to the policy.
Frequently Asked Questions
What does homeowners insurance cover?
Coverage commonly addresses the dwelling, other structures, personal property, liability, and certain additional living expenses, subject to policy terms.
Does home insurance cover every type of damage?
No. Policies contain exclusions, limitations, deductibles, and conditions.