{"id":352587,"date":"2017-05-31T17:31:38","date_gmt":"2017-05-31T22:31:38","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-law\/consumer\/insurance\/homeowners-insurance.html"},"modified":"2024-03-25T22:12:09","modified_gmt":"2024-03-26T03:12:09","slug":"homeowners-insurance","status":"publish","type":"page","link":"https:\/\/www.findlaw.com\/consumer\/insurance\/homeowners-insurance.html","title":{"rendered":"Homeowners Insurance"},"content":{"rendered":"\n
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Homeowners Insurance<\/h1>\n
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\n By Oni Harton, J.D.<\/a> | Legally reviewed by Melissa Bender, Esq.<\/a>\n | Last updated\n
\n \n <\/i>\n Legally Reviewed\n <\/summary>\n\n
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This article has been written and reviewed for legal accuracy, clarity, and style by FindLaw\u2019s team of legal writers and attorneys<\/a> and in accordance with our editorial standards<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n\n

\n \n <\/i>\n Fact-Checked\n <\/summary>\n\n
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The last updated date refers to the last time this article was reviewed by FindLaw or one of our contributing authors<\/a>. We make every effort to keep our articles updated. For information regarding a specific legal issue affecting you, please contact an attorney in your area<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n<\/section>\n

Owning your own home is a significant accomplishment. But there’s also the potential for mishaps to your home and property. For this reason, insurance coverage is critical to protect your investment. Just as you have car insurance or life insurance as part of a sound financial plan, home insurance can also provide protection.<\/p>\r\n

As a condition to obtaining a mortgage, most mortgage lenders and banks make homeowners insurance<\/a> coverage a requirement. Even if it’s not a requirement, it’s a good idea to purchase homeowners insurance. Knowing that you have homeowners insurance coverage to help minimize out-of-pocket costs for a wide range of covered losses can bring peace of mind.<\/p>\r\n

Home insurance coverage is available in many types. However, a standard homeowners insurance policy does not cover every conceivable peril. It may be necessary to purchase a separate policy for particular coverage options. For additional coverage, you can also inquire about endorsements<\/a> to your policy.<\/p>\r\n

You always want sufficient casualty insurance. So, understanding your options for coverage and insurance rates that fit your budget is essential. Read on to learn more about products available from home insurance companies, including what’s typically covered and the insurance company’s obligations to policyholders.<\/p>\r\n

Standard Areas Covered by a Homeowners Insurance Policy<\/h2>\r\n

The best way to know the details of your policy is to read it. Another way to obtain the answers you seek about your liability coverage, exclusions, policy limits, and personal property coverage is to ask your insurance agent. You can determine what’s covered by your homeowners insurance<\/a>. Speaking with a knowledgeable insurance attorney can also help.<\/p>\r\n

The number of insurance agencies and companies can be overwhelming. Several standard areas are covered by a homeowners policy, regardless of where you purchase insurance. But they may be called by different names. Standard policies typically include some of the same coverage.<\/p>\r\n

Dwelling Coverage<\/h3>\r\n

Dwelling coverage protects your house and any structures attached to your home. These structures may include:<\/p>\r\n