A Guide to Homeowners Insurance: What You Need to Know

Your home is one of the biggest investments you’ll ever make, and it’s important to protect it from the unexpected. That’s where homeowners insurance comes in. Homeowners insurance provides financial protection in the event of damage to your home or personal property, as well as liability coverage if someone is injured on your property. Here’s what you need to know about homeowners insurance.

What Does Homeowners Insurance Cover?

Homeowners insurance typically covers damage to your home and personal property caused by covered perils, such as fire, wind, hail, and theft. It also provides liability coverage if someone is injured on your property and you are found responsible. Most policies also include additional living expenses coverage, which pays for temporary housing if your home is uninhabitable due to a covered loss. 

What Is Not Covered by Homeowners Insurance?

While homeowners insurance covers a wide range of perils, there are some things that are typically not covered. For example, flood damage is not covered by standard homeowners insurance, and you’ll need a separate flood insurance policy for that. Similarly, earthquake damage is typically not covered, but you can purchase earthquake insurance as a separate policy. On the liability side, there are generally exclusions for operating a business from your home. You would need to purchase a separate business liability policy for your at-home business.

How Much Homeowners Insurance Do You Need?

The amount of homeowners insurance you need depends on several factors, including the value of your home and personal property, the cost of rebuilding your home, and your level of risk. Most experts recommend purchasing enough insurance to cover the full replacement cost of your home and personal property. Talking with a qualified insurance agent can ensure that you are being properly covered for your home insurance.

How Can You Save Money on Homeowners Insurance?

There are several ways to save money on homeowners insurance without sacrificing coverage. One option is to increase your deductible, which is the amount you pay out of pocket before your insurance kicks in. You can also bundle your homeowners insurance with other policies, such as auto insurance, to save on premiums.

Another option is to make your home more secure, which can lower your risk of theft and damage. Installing a security system, smoke detectors, and fire extinguishers can all lower your insurance premiums.

Get the Right Homeowners Insurance Policy for Your Needs

At EnsureUp, we understand the importance of protecting your home and personal property. That’s why we offer a wide range of homeowners insurance options to fit your needs and budget. Call us today at (305) 452-0587 or visit our website to learn more about how we can help you find the right policy for your home.

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Are you ready to save time, aggravation, and money? The team at EnsureUp is here and ready to make the process as painless as possible. We look forward to meeting you!