Homeowners Insurance

Homeowners insurance is an insurance policy that helps pay for damages to your home and property. The policy offers protection in the event of disasters that can affect your home.

The Benefits of Homeowners Insurance

Homeowners insurance is a good investment for anyone who owns a home. Most policies cover items within the home, loss of use of the home, and liability protection. Liability protection is helpful for when someone is injured on the property. A person injured on the property could sue the homeowner. With liability protection, the insurance company will pay compensation – depending on the amount of coverage.

How it Works

The insurance policy is a contract between the homeowner and insurance company. The cost of the insurance policy varies, depending on different factors. The policy also does not cover earthquakes or floods. A separate policy is necessary to cover flooding and earthquakes.

The homeowner pays a premium for the insurance coverage. Most insurance companies allow policyholders to pay premiums in 6-month or 12-month increments. If something happens that the insurance policy covers, then the insurance provider will assess the damage and decide to rebuild sections of the home or offer financial assistance for a new home. If personal belongings are damaged, then the insurance company will likely pay to replace or repair the items. In most cases, the insurance company will give the homeowner a check. The homeowner can use the insurance money as they want.


Homeowners insurance covers different types of damages. Damages to the home, damages to other structures on the property, personal property, and the loss of the home are types of damages home insurance covers. Some policies offer additional coverage, such as protection in the event of identity theft.

The Benefits

Homeowners insurance provides peace of mind to the homeowner. They know if a disaster occurs, that they will have the resources to repair the home or replace their belongings. This insurance is so important until many lenders will not approve a mortgage unless the person is prepared to buy homeowners insurance.

Disaster can strike at any moment. Fire, flood, tornadoes and hurricanes are a few natural disasters that can destroy your home. Ordinary mishaps can cause destruction, too. Call an insurance agent today for assistance with homeowners insurance.