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Homeowner’s Insurance provides protection for damage to covered property.

HOMEOWNER’S

Parts of a Homeowner’s Policy include:

  • Property Coverage – to cover your home, related structures such as a garage and personal property.
  • Additional Living Expense – pays for extra expenses you incur as a result of a covered loss to your property.
  • Personal Liability – covers damages you are liable for by law if the bodily injury or property damage is caused by an occurrence related to the insured’s premises or personal activities.
  • Medical Payments – provides some medical expense coverage for persons, other than the insured, if the injury occurs related to the insured’s premises or personal activities.

There are also optional coverages available to expand the basic Homeowner’s Policy. They include, but are not limited to:

  • Replacement Cost for Personal Property
  • Backup of Sewer, Drains or Sump Systems
  • Refrigerated Foods
  • Expanded Replacement Cost for Dwellings
  • Personal Injury Liability
  • Equipment Breakdown
  • Underground Service Lines

For more information, visit the Insurance Information Institute.

RENTER’S INSURANCE

Renter’s Insurance provides personal property and personal liability coverage for renters.

Coverage included in this type of policy are:

  • Personal Property – pays for covered losses to your personal property.
  • Additional Living Expense – pays for extra expenses you incur as a result of a loss to the premises.
  • Personal Liability – covers damages you are liable for by law if the bodily injury or property damage is caused by an occurrence arising out of the insured’s premises or personal activities.
  • Medical Payments – provides some medical expense coverage for persons, other than the insured, if the injury arises out of the insured’s premises or personal activities.

There are also optional coverages available such as:

  • Replacement Cost for Personal Property
  • Backup of Sewer, Drains or Sump Systems
  • Refrigerated Foods
  • Personal Injury Liability

FLOOD INSURANCE

Flood Insurance provides coverage to property in the event of a flood.  Most Homeowner’s, Commercial Property Policies and Farm Policies do not cover flood damage, so a separate Flood Policy needs to be purchased.  These policies are rated based on flood maps issued by FEMA.  Here’s some additional information from HouseLogic.

 

INLAND MARINE

Watercraft, Recreational Vehicles and Collectibles are typically insured with an Inland Marine Policy.  These can be issued under a separate policy or endorsed onto your home or farm policy.  They have a wide variety of deductibles to choose from along with very broad coverage.

 

DWELLING FIRE

Dwelling Fire Policies are used to insure dwellings occupied by a tenant or sometimes a home that is not otherwise eligible for a Homeowner’s Policy.  Loss of rents and liability coverage is usually included on these policies.