If you have personal belongings, you need the protection of a homeowners insurance policy. These policies cover you in a home or an apartment, whether you are an owner or a renter. A well-designed homeowners policy will pay to replace your personal property that is destroyed by a covered peril. The policy will also be your first line of defense against a lawsuit from someone injured at your home.
The cost of this coverage is determined by many factors. The quality of the coverage is determined by the policy form and the available endorsements. A few things you should want in your homeowners policy are replacement cost on home and personal property, the broader all-risk with exclusions and limitations coverage on the home instead of a limited named peril policy, foundation coverage, water damage coverage, and theft coverage on all of your valuables. If you are in a coastal area, make sure you acquire a quote that includes windstorm and hail with the homeowners policy.
REMEMBER: Typically, the peril of flood is not included with the homeowners policy.
Independent Insurance Counselors offers complimentary quotes on Homeowners Insurance from multiple insurance carriers so you can protect what matters most in life.