Homeowners’ insurance facilitates financial protection against disasters. A standard policy insures the home itself and the things you keep in it.
Homeowners insurance is a package policy. This means that it covers both damage to your property and your liability or legal responsibility for any injuries and property damage you or members of your family cause to other people. This includes damage caused by household pets.
Damage caused by most disasters is covered but there are exceptions. The most significant are damage caused by floods, earthquakes, and poor maintenance. You must buy two separate policies for flood and earthquake coverage. Maintenance-related problems are the homeowners’ responsibility.
Most standard homeowners insurance policies include four essential types of coverage
Most policies also cover detached structures such as a garage, tool shed, or gazebo—generally for about 10 percent of the amount of insurance you have on the structure of your home.
Browse our coverage of insurance services such as:
Personal belongings coverage includes items stored off-premises— this means you are covered anywhere in the world. Some companies limit the amount to 10 percent of the amount of insurance you have for your possessions. You also have up to $500 of coverage for unauthorized use of your credit cards.
Expensive items like jewelry, furs, art, collectibles, and silverware are covered, but there are usually dollar limits if they are stolen. To insure these items to their full value, purchase a special personal property endorsement or floater and insure the item for its officially appraised value.
Trees, plants, and shrubs are also covered under standard homeowners insurance—generally for about $500 per item. Trees and plants are not covered for damage by wind or disease.
We have various coverages for your possessions such as:
The liability portion of your policy pays for both the cost of defending you in court and any court awards—up to the limit stated in your policy documents.
Liability limits generally start at about $100,000, however, it’s a good idea to discuss whether you should purchase a higher level of protection with your insurance professional. If you have significant assets and want more coverage than is available under your homeowners’ policy, consider purchasing an umbrella or excess liability policy, which provides broader coverage, including claims against you for libel and slander, as well as higher liability limits.
Your policy also provides no-fault medical coverage, so if a friend or neighbor is injured in your home, he or she can simply submit medical bills to your insurance company. This way, expenses are paid without a liability claim being filed against you. It does not, however, pay the medical bills for your own family or your pet.
Keep in mind that the ALE coverage in your homeowners’ policy has limits—and some policies include a time limitation. However, you can generally increase the amount of ALE coverage for an additional premium.
Your ALE coverage limit is separate from the amount available to rebuild or repair your home. Even if you use up your ALE your insurance company will still pay the full cost of rebuilding your home up to the policy limit.
If you rent out part of your house, ALE also covers you for the rent that you would have collected from your tenant if your home had not been destroyed.
OTHER INSURANCE OPTIONS
- Wineries and vineyards insurance coverage
- Farm and crop insurance coverage
- Commercial Umbrella Insurance
- Commercial Liability Insurance
- Commercial Auto Insurance
- Business Owners Package
- Fleet coverage insurance
- Florist insurance coverage
- Health and fitness business insurance
- Insurance coverage for apartment buildings
- Errors and Omissions insurance coverage
- Cleaning business insurance coverage
- Catering business insurance coverage
- Truck insurance coverage
- Special events insurance coverage
- Insurance coverage for outfitters & guides
- Insurance coverage for water well drillers
- Kidnap and Ransom Insurance Coverage
- Veterinary insurance coverage
- Workers’ compensation