Homeowner's Insurance

Homeowner's insurance is a package policy that provides financial protection for your home, your belongings, and your liability. Most mortgage lenders require it.

Standard Coverage Types (HO-3): 1. Dwelling: Your home's structure 2. Other structures: Detached garage, shed, fence 3. Personal property: Your belongings 4. Liability: Protection if someone sues you 5. Medical payments: Minor injury claims 6. Additional living expenses: If you're displaced

What's Covered: Most policies cover damage from fire, theft, vandalism, wind, hail, lightning, and other perils. Check your policy for specific covered perils.

What's NOT Covered:

• Floods (need separate flood insurance)
• Earthquakes (need separate coverage or rider)
• Maintenance issues
• Pest damage
• Normal wear and tear

  How Much Coverage:

• Dwelling: Enough to rebuild your home
• Personal property: Enough to replace belongings
• Liability: At least $300,000 recommended

  Reducing Costs:

• Bundle with auto insurance
• Increase deductible
• Install security systems
• Maintain good credit