What is home insurance?

Home insurance is a policy designed to protect you and your home against damages, injury and legal fees. Homeowners insurance typically will cover your belongings within the home as well. Most home insurance policies will combine two types of coverage;

• Coverage to protect your home in the event it is destroyed or damaged by covered perils. Typically what’s covered are fires, theft, and natural disasters to name a few. 

• Home insurance coverage to protect you for liability. If someone is injured on your property you may need to cover their medical bills, most home insurance will protect you situations like these. In some situations you may also be covered for legal fees, in the event you’re sued. 

Homeowners insurance can cover you for unexpected events, such as fire or theft. A good home insurance policy will pick up the bill for a considerable amount of the expenses. The other major benefits is being covered in the event someone is hurt or injured on your property. You may have an aggressive dog that bites a neighbor which triggers the neighbor to sue you. There’s always a good chance your home insurance will pick up the tab. 

Home insurance can cover you for multiple situations and cover you in unique ways to suit your individual needs. So you have a better idea of what home insurance is, we get into a few of the more important aspects and what to look out for when getting your next homeowners insurance policy.  

What does my home insurance policy cover?

Understanding some of the basics of what your policy may cover can be important. Please keep in mind that everyone’s policy is different and if you have specific questions regarding your policy you should reach out to the agent that sold you the policy or the home insurance company you are with. If you need a new policy and are in the California area, please reach out to us! Our agents would love to help you get better home insurance! Call us today 916 313 6100

Typical home insurance policies will cover you for these covered perils and possibly more;

• Fire
• Hail
• Lighting 
• Vandalism
• Theft
• Wind
  

If you’re wondering why earthquakes and floods aren’t included in that list, those two risks are usually covered by purchasing additional coverage specific to those hazards. A typical home insurance policy will not cover you for those risks. 

What coverage is available for typical home insurance policies? 

The typical homeowners insurance policy will provide coverage for the following;

Dwelling coverage;

This coverage is designed to protect the structure of the home. This can also apply to structures attached to the property like a shed or garage. In the event something were to happen to your home in these areas dwelling coverage would protect the home. 

Personal property coverage;

Personal property coverage protects your personal belongings, such as electronics, furniture, and other household belongings. The coverage is designed to cover you if these items were stolen or destroyed by way of covered peril. 

Other structures coverage;

This coverage is for the other structures that are not attached to the home. You may have an outdoor shed or a detached garage. If something were to happen in or around these areas there is home insurance that can potentially cover you.

Liability coverage;

Liability coverage is designed to protect you if someone is injured on your property. This coverage can also protect you against lawsuits if someone were to sue you. Medical bills and legal fees can add up, so this particular coverage can end up saving you a lot of money in the long run. 

Loss of use coverage;

Loss of use coverage will cover your expenses if you are forced from your home due to a covered loss. It will cover additional living expenses and housing costs if you are unable to live in your home due to it being rebuilt or repaired. This coverage can cover excess bills that add up due to eating out more often while your home is being repaired. It will also cover the difference of the cost of housing while you wait for your home to be rebuilt. 

That’s the basics when it comes to home insurance. If you have additional questions we have experts standing by to answer your call! Call us today at 916 313 6100! We’re nice people and we have great rates!