Homeowners insurance compensates you for losses to your home and your possessions inside it, so purchasing a homeowners policy provides added security for your investment. Home insurance also protects you if you’re legally liable for someone’s injuries on your property, as well as from financial losses caused by storms, fire, theft and other events outlined in your policy. You can sleep better at night knowing your home is covered by the best policies available.
Generally, a standard homeowners insurance policy protects the following:
The physical structure of your home
Structures on your property (storage sheds, pools, boathouses, etc.)
Your personal property and belongings inside your home, up to specified limits
Your liability or legal responsibility for any injuries and property damage you or your family members cause to other people
Injuries to your household pets while inside your home
Additional living expenses if a fire or other insured disaster leaves you temporarily unable to live in your home
You’re renting a home or apartment but you need to have your possessions covered just in case something happens. With rental insurance you’re protecting what’s yours. Renters insurance protects you in situations that everyone can face: fire, theft, water damage and other unforeseen circumstances — situations your apartment owner’s policy doesn’t cover.
Home insurance isn’t your only option when it comes to protecting your belongings. When you own a condominium, you — not your condo associations — are responsible for what’s inside your condo. That’s why having a personal condo insurance policy is important.