Home insurance also called home insurance, is property insurance that provides coverage for a private home. Homeowners policy quote usually covers the loss and damage of your home, as well as the furniture and other things in your home. Home insurance can also provide liability coverage for certain types of accidents that occur in your home or on your property. Most lenders require home insurance.
Some Insurance agencies can help you get the cheap home insurance you need. Combining home and car insurance can save you time and money.
Why Do I Need Home Insurance?
- Home insurance protects one of your most important investments
- Home insurance gives you protection against accidents in your home or property.
- Most lenders require home insurance
Who Should Take Out Household Insurance?
- The first home buyer
- Homeowners today
What Does Household Insurance Cover?
Your policy is the best place to review your coverages, but a few common items covered by homeowners insurance are:
Most policies cover damage to your house and any permanent structures on your property for:
- Water damage (unless excluded by your policy)
Protects belongings that were damaged or stolen such as:
Some Personal Property Insurance calculators can help you decide how much coverage fits your situation.
Limited coverage for jewelry stolen from your home, (usually $500 – $2,000). You may need special coverage for things in your collection like:
- Engagement rings
- Wedding bands
- Diamond bracelets
What Other Risks May Be Covered By Home Insurance Policy?
Could help with medical expenses or property damage to others caused by you or members of your household, including pets. Personal liability can also help with the legal costs of litigation.
Examples: A visitor travels on a loose carpet of your house and is injured, or your child accidentally throws the ball out of a neighbor’s window and breaks an expensive vase.
Cover medical payments for minor injuries to people who do not live with you but sustain injury on your property.
For example, A visitor falls at your feet on a clear day and is injured.
Coverage of additional costs you may incur if you notice a loss of coverage.
Example: A fire makes your home uninhabitable and you need to temporarily live somewhere else.
What Isn’t Covered By A Typical Homeowners Insurance Policy?
Here are some examples of things most standard home insurance policies may not cover:
- Flooding from naturally rising water
- Maintenance issues like termites and insect damage, rodents, mold, or general wear and tear
- Nuclear hazard
If you live in an area that is at high risk for any of these types of losses, you may be able to customize your policy to get the coverage you need.
Homeowners Insurance Discounts Could Save You Even More
See how affordable a homeowners insurance quote can be through the GEICO Insurance Agency. Take a look at the discount options available and save even more on home insurance.
Multiple Political Discounts
When you insure a car with us and arrange insurance for homeowners through the GEICO insurance company, you get a discount on car insurance.
Home Security System
Alarm systems can help protect your home and your wallet by giving you peace of mind and another chance at discounts.
Fire Extinguisher Detector Smoke Detector
Smoke detectors and fire extinguishers can save lives and save you money on insuring your home.