Homeowners Policy Basics
NewHOI.com works with your area’s leading Homeowners Insurance agents to provide you with their best policy quote to insure your largest investment, your home.
Property damage
This includes damage and destruction to your residence and/or detached structures. You will receive compensation, up to your policy limits, if your house or a storage shed is damaged due to a covered hazard. Standard covered circumstances include things like hurricanes and vandalism, but other hazards such as earthquakes and floods are excluded. Be sure to check your specific homeowners policy for exclusions
Personal property loss
This includes damage or theft of personal property, up to your set policy limits for covered circumstances, which typically excludes flooding, earthquakes, and personal negligence. If your personal property is very valuable (such as collectibles or antiques) you’ll likely need additional “riders” or special endorsements on your policy. Be sure to talk with a knowledgeable agent about your personal belongings and valuables, as standard limits may not be adequate to cover a major loss.
Personal liability
If you, your family member, or even your pet causes an accident, injury or property damage, your homeowners insurance can protect you. Whether the issue requires medical care or repair of property, you will typically have coverage up to your liability limits. There are exclusions, such as aggressive acts against a neighbor, so it is important to fully understand your liability coverage. Be sure to talk with your agent about how to choose adequate policy limits that protect your finances in the event of a lawsuit
Added living costs
If your house is uninhabitable, your homeowners insurance can pay for alternative living arrangements while your home is repaired or rebuilt. Depending upon your homeowners insurance company and the specifics of your policy, this may be included or may be an optional coverage. You will typically have daily and total overall limits for this coverage.
Get a home insurance quote in a few easy steps
It's never been easier to get an affordable and accurate home insurance quote online. We’ll ask a few simple questions to help you find a policy that best protects your home and family. Simply Click on the “Get a Quote” button and one of our trusted agents will reach out to you and gather the information necessary to provide you with a home insurance quote. It really is that simple.
