Home Insurance

As your largest investment, it's important to make sure your home has the proper insurance coverage. We'll protect your home and everything in it for the lowest possible price.

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What is Home Insurance?

Home insurance, also commonly called hazard insurance or homeowner's insurance (and often abbreviated in the US real estate industry as HO1), is a type of property insurance that covers a private residence.

It is an insurance policy that combines various personal insurance protections, which can include losses occurring to one's home, its contents, loss of use (additional living expenses), or loss of other personal possessions of the homeowner, as well as liability insurance for accidents that may happen at the home or at the hands of the homeowner within the policy territory.

Typical Home Insurance Coverages

Section I — Property Coverages

• Coverage A – Dwelling

Covers the value of the dwelling itself (not including the land). Typically, a coinsurance clause states that as long as the dwelling is insured to 80% of actual value, losses will be adjusted at replacement cost, up to the policy limits. This is in place to give a buffer against inflation. HO-4 (renter's insurance) typically has no Coverage A, although it has additional coverages for improvements.

• Coverage B – Other Structures

Covers other structure around the property that are not used for business, except as a private garage. Typically limited at 10% to 20% of the Coverage A, with additional amounts available by endorsement.

• Coverage C – Personal Property

Covers personal property, with limits for the theft and loss of particular classes of items (e.g., $200 for money, banknotes, bullion, coins, medals, etc.). Typically 50 to 70% of coverage A is required for contents, which means that consumers may pay for much more insurance than necessary. This has led to some calls for more choice.[14]

• Coverage D – Loss of Use/Additional Living Expenses

Covers expenses associated with additional living expenses (i.e. rental expenses) and fair rental value, if part of the residence was rented, however only the rental income for the actual rent of the space not services provided such as utilities.

• Additional Coverages

Covers a variety of expenses such as debris removal, reasonable repairs, damage to trees and shrubs for certain named perils (excluding the most common causes of damage, wind and ice), fire department changes, removal of property, credit card / identity theft charges, loss assessment, collapse, landlord's furnishing, and some building additions. These vary depending upon the form.

• Exclusions

In an open perils policy, specific exclusions will be stated in this section. These generally include earth movement, water damage, power failure, neglect, war, nuclear hazard, septic tank back-up expenses, intentional loss, and concurrent causation (for HO3).[15] The concurrent causation exclusion excludes losses where both a covered and an excluded loss occur. In addition, the exclusion for building ordinance can mean that increased expenses due to local ordinances may not be covered.[16] A 2013 survey of Americans found that 41% believed mold was covered, although it is typically not covered if the water damage occurs over a period of time, such as through a leaky pipe.[17]

• Floods

Flood damage is typically excluded under standard homeowners and renters insurance policies. Flood coverage, however, is available in the form of a separate policy both from the National Flood Insurance Program (NFIP) and from a few private insurers. [18]

Section II — Liability Coverages

• Coverage E – Personal Liability

Covers damages which the insured is legally liable for and provides a legal defense at the insurer's own expense. About a third of the losses for this coverage are from dog bites.[19]

Contact us to learn more about the right homeowners insurance for you.

Commitment-Free Consultations on Home Insurance

When you enlist our insurance brokers, we make sure obtaining home insurance quotes is quick and straightforward. Once you get in touch with us, we’ll set up a consultation to make a full assessment of your individual needs as a homeowner.

Once we’ve completed an insurance valuation, we’ll find viable home insurance companies for your situation and compare their coverage. We’ll make professional recommendations without bias, considering the rates and conditions of each policy. Our team will gladly explain premiums and any fine print to ensure you feel confident in your purchase.

Comprehensive Homeowners Insurance Coverage

Whether you’re looking into coverage for a new home, or you’re hoping to find better than what you currently have, we can help you fully insure your assets. Our home insurance professionals will help you figure out which policies would be in your best interest to have, and we’ll search for opportunities to reduce premiums every chance we get.

Different types of home insurance coverage include the following and more:

Dwelling Protection

Dwelling protection covers damage and loss of property caused by theft, fire, smoke, storms, or other similar risks.

Personal Property Damage

Personal property damage covers household items in the event of a covered loss.

Extended Replacement Cost

Extended replacement cost is additional coverage to rebuild your home in the event of a covered loss.

Personal Liability Protection

Personal liability protection covers costs associated with bodily injury or property damage caused to others as a result of a covered loss.

Additional Personal Property

Additional personal property covers specific valuables, such as antiques, fine art, and jewelry.

Expert Property Insurance Claims Assistance

Although filing a home insurance claim is a simple process, our team is always here to help in the event of a claim. We’ll file everything for you and ensure a fast and fair settlement.

When disaster strikes, let us know as soon as possible so that we may notify your insurance company without delay. From there, we can collect documentation of the damage, and determine the costs that will be paid out by your insurer.