Why do you need homeowners insurance?

It is really all about protecting yourself financially if something unexpected happens to your home or possessions. That’s important because chances are your home is likely one of your largest investments.

The purpose of homeowners insurance is to cover the cost of restoring your home and possessions after a covered loss to the same condition they were in before the loss occurred. There are several different types of homeowners insurance policies that are available and not all coverage types are the same or are available in all states.
You should speak directly with your agent about your specific coverage needs and the options that are available to you.

A homeowners policy can cover:

• Damages to your home’s physical structure
• Damages to other structures like garages or sheds
• Your personal belongings, whether they’re in your home or elsewhere
• Temporary living expenses in the case your house becomes uninhabitable due to a covered loss
• Your personal liability in the event someone is injured or their property is damaged

You can also select policy enhancements and add-ons such as valuable items coverage, replacement cost coverage for your belongings, extra coverage for your belongings for full replacement costs regardless of depreciation, additional home replacement building costs.