Affordable Homeowners Insurance
The Homeowners insurance is a package policy that provides financial protection against disasters. A basic (or standard) policy insures the home itself and the things you keep in it. This means that it covers both damage to your property and your liability (or legal responsibility) for any injuries or property damage you or members of your family cause to other people. This also includes damage caused by your pets.
What Does Homeowners Insurance Cover?
- The structure of your home
Homeowners insurance policies need to cover the cost of rebuilding your home at current construction costs (don't include the cost of the land and don't estimate based on the price you paid for your home). For a quick estimate of the amount of insurance you need, multiply the total square footage of your home by local building costs per square foot.
- The contents of your home
Your personal belongings
- The cost of additional living expenses
If your home is damaged in such a way that you have to live somewhere else during repairs
- Your liability to others
Even legal defenses may be provided for third party damages