Homeowners Insurance at Best Rates
Why pay more for homeowner’s insurance than you need to? Compare top home insurance rates in your area and find low-cost coverage that could save you thousands. Don't miss out—find affordable homeowners' insurance rates today.
FAQs About Homeowners Insurance
As a homeowner, you'll typically need to purchase homeowners insurance, also known as hazard insurance (HOI). Most lenders require this coverage. You may also need private mortgage insurance, title insurance, flood insurance, and legal insurance.
Homeowners insurance provides coverage to repair or replace your home and its contents in the event of damage. This includes damage from fire, smoke, theft, vandalism, lightning, wind, or hail.
Property insurance includes various policies offering property protection or liability coverage. Homeowners insurance, renters insurance, flood insurance, and earthquake insurance are examples of property insurance.
The most basic homeowners' insurance policy is an HO-1 policy, which covers the structure of your home, attached structures like garages, and appliances and home features like carpeting. It does not include coverage for personal property, liability, or additional living expenses.
Homeowners insurance policies generally cover destruction and damage to a residence's interior and exterior, loss or theft of possessions, and personal liability for harm to others. The three basic levels of coverage are actual cash value, replacement cost, and extended replacement cost/value.
Homeowners' insurance typically does not cover damage caused by earth movements such as sinkholes and earthquakes, neglect or improper maintenance of the property, or damage caused by termites and other insects.
Tailored Renters Insurance Coverage
Looking for premium coverage at affordable rates? Get a free quote today with an agent and protect your dwelling damage, loss of rental income, and liability coverage with our comprehensive homeowners’ insurance plans.
Frequently Asked Questions About Renters Insurance
Renters insurance typically includes three main types of coverage: personal property, liability, and additional living expenses. Personal property coverage helps replace belongings if they're stolen or damaged by covered risks.
Renters insurance protects your personal property in a rented apartment, condo, or home from unexpected circumstances like theft, fire, or sewer backup damage. It also provides liability protection if someone is injured on your property.
Renters insurance protects your belongings from loss, damage, or destruction due to events like burglaries, fires, or tornadoes. Additionally, it provides liability protection if someone is injured at your rental property.
Even if not required by your landlord, renters insurance is almost always worth purchasing. It protects you against catastrophic property damage and potential legal liabilities at an affordable price.
Yes, renters insurance generally covers almost all consumer electronics, including TVs, home computers, and video game consoles, under the personal property provisions of the policy.
The average cost of renters insurance in the U.S. is $168 per year, or about $14 per month. This estimate is based on a policy for a hypothetical 30-year-old tenant with $30,000 in personal property coverage, $100,000 in liability coverage, and a $500 deductible.
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