Home insurance varies state by state when it comes to what it will cover, but we can provide a basic understanding for those who may not know what they are paying for. Your insurance will vary depending on the type of structure that you have and what other similar structures in the area cost. You will also have to consider what outside structures you have on your property, like back yard sheds and things of that nature. There is even coverage for bodily injury in the event that something happens to you within your home.
- Separate structures (e.g., sheds, fences, detached garages) are covered separately from the main dwelling.
- Meant to avoid lawsuits, medical coverage doesn’t include an admission of fault.
- Depending on where you live, a separate flood insurance policy may be required by the mortgage company.
“We want to provide you with some basic understanding of your homeowners insurance and some of the main coverage for single family homeowners policy.”