Homeowners Insurance

Buying a home is the largest investment that most people will ever make, so it is important to take care of that home by insuring it against loss. A home insurance policy will help to make sure your home can be fixed or rebuilt if it is damaged or destroyed.

What is it?

A homeowners insurance policy is a type of property and casualty policy. That means it will pay for your home to be repaired or rebuilt if it is damaged or destroyed by any event or situation that is covered in the policy. This can include damage from fire, weather-related damage and some other types of damage.

Who is it for?

A home insurance policy is necessary for anyone who owns and lives in their own home. If you rent your home or if you own a home that you rent out to others, you need different insurance. Mortgage lenders require you to carry insurance for your home, but even if you own it outright with no mortgage, it is a good idea to have it insured.

How does it work?

An insurance policy that covers your home insures against specific risks that are named in the policy. These risks include damage to your home from wind, hail, fire and other sources. Most policies also cover you for personal liability. If you experience a covered event, you need to make a claim to your insurer, which then will determine what payout your are entitled to minus any deductible you owe.


Homeowners insurance policies are fairly standard across the board. Most cover things like fire, hail and wind, while most exclude damage from flooding, plane crashes and industrial accidents. Some policies may limit coverage of frequent weather events, such as hurricanes or hail. You also may be able to add coverage to your policy through riders.

Major benefits

The main benefit of having an insurance policy for your home is protection against damage to your home from weather or fire. An additional benefit is the personal liability coverage, which protects you against risk from someone being injured on your property.