Your home is one of your most valuable and treasured assets, and should be protected accordingly.
In addition to the standard Homeowners Insurance policy, there are different types of policies designed for different types of homeowners and/or dwellers (i.e., those who live in condominiums or those who rent, or those who have a second home that they rent to others).
If you are a condominium owner, your condo association's Master Fire Policy protects the common areas of your building but not necessarily your belongings or personal liability. A Homeowners Policy designed for Condominium Owners assists with this protection.
Similarly, if you are a tenant, your belongings and personal liability can be protected under a Homeowners policy designed for Renters.
If you own a home that you rent out to others, you can insure this property with Homeowners-type protection through a Dwelling Fire Policy. A rental could very well be your second-most valuable possession and investment next to your home, so ensure that your property and contents are properly covered.
Obtain a free, no-obligation quote online. Our online quote forms are designed for your convenience and takes only 15 minutes (average time) to complete.
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Be Aware of Your Needs
and the Coverage You Have
It is important to ensure that costly coverage gaps haven't developed since you purchased your homeowners policy.
Gaps in your homeowner's insurance coverage often result from changes in your home or possessions over time. Even the normal possessions you accumulate gradually can add a lot to the value of your home's contents. By reviewing your needs regularly, you will keep your insurance up to speed with these and other changes and avoid financial crises.
To maintain your home's protection:
- Know and understand your insurance policy
- Have your home appraised regularly
- Take a home inventory
Policy Coverage Options
Choose the type of policy that is right for your living situation:
- Homeowners
- Condominium Owner
Coverage for the inside structure not covered by the Association's "Master Policy"; your personal property; and, loss assessment coverage
- Renters
- Investment Property Owner
Property Coverage Options:
- Dwelling
Building Structure
- Personal Property
Contents (be sure to ask about Replacement Cost coverage on your personal property)
- Family Liability
Protects you against certain risks for Bodily Injury or Property Damage losses for which you are legally obligated to pay
- Guest Medical Payments
Medical expenses for your guest who are accidentally injured on your property as a result of a covered loss
- Additional Living Expense
Pays for the reasonable increase in living expenses if you home becomes uninhabitable after a covered loss
Customize Your Policy with Additional Coverage:
- Replacement Cost Coverage
- Scheduled Personal Property
Jewelry, watches and/or collectibles
Perils Your Policy Protects You Against:
- Fire
- Lightning
- Wind (excludes hurricane)
- Storms
- Hail
- Explosions
- Riots
- Aircraft wrecks
- Vehicle crashes
- Vandalism
- Theft
- Breaking glass
- Falling objects
- Collapsing building
- Electrical damage
- Smoke
- Water damage from:
- Plumbing
- Heating
- Air conditioning systems
The standard policy does not protect you against the following (coverage is available through separate, optional policies):
- Flood Damages
- Earthquake Damages
- Nuclear Accident and War Damages
- Hurricane Damages
What does a Homeowners insurance policy cover?
Homeowners insurance covers damages from incidents such as fire, theft, and vandalism to your home and your personal belongings. It covers living expenses if your home becomes temporarily unusable, and liability in case you or a member of your family injuries someone or damages their property.
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How do I know if I have an adequate amount of dwelling coverage on my policy?
Your are properly covered if your policy's value is enough to rebuild your house should you experience a total loss. Since the replacement cost of your house can vary over time because of inflation, the cost of labor and materials, and renovations you may make to your home, you should review your coverage every few years.
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If I conduct business at home, is my business property covered by my Homeowners policy?
Your policy provides coverage of up to $2500 for property located on the residence premises which is related to your business. The limit for such property located away from the residence premises is $250.
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For more information, please refer to our section on In-Home Business.
Our consultants are available to assist you. Request information or schedule a meeting with one of our consultants by clicking the link below.
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