Whether you’re a homeowner, renter or landlord, your property is your own personal slice of the world—make sure it’s protected. Property insurance covers a wide array of damages and losses, and it comes in handy more often that you’d expect; according to the Insurance Information Institute, about 1 in every 17 insured homes experienced a claim in 2016 alone.
Dwelling coverage protects the structure of your home. From the foundation to the walls, roofing, and interior flooring, fixtures, and more.
Coverage that protects structures that are not attached to your main home. This could include garages, guest house, fences, walls, swimming pool, sheds, and more.
Coverage that protects you if you cause injury or property damage to a third party. An example would be if someone slips and falls at your home and you are sued.
The deductible is the amount you are responsible for if a home insurance claim occurs. For example, if you have a kitchen fire and your deductible is $5,000, you would be responsible for the first $5,000 and the insurance company would pay the damages after that.
Coverage that protects all of your “Stuff” such as furniture, clothing, and personal property. Most home insurance policies exclude coverage for certain types of items such as jewelry, artwork, collections, silverware, gold, cash, securities, guns, and more.
Coverage that pays for you to live in a hotel or rent another home if your home is damaged by a covered peril, such as a fire.
Coverage that would pay medical bills if a visitor to your home is injured on your property, regardless of who was at fault. This coverage is usually capped at $5 or $10,000.