What does a standard home insurance policy cover?
A standard homeowners insurance policy usually covers the dwelling, personal belongings, liability protection, and additional living expenses if you are unable to live in your home after a covered loss.
Is home insurance required by law?
Homeowners insurance is not mandated by federal law, but most mortgage lenders require it as a condition for approving a loan. Without insurance, you may not qualify for a mortgage.
What is not covered by home insurance?
Most standard policies do not cover floods, earthquakes, or routine wear and tear. Separate policies or endorsements may be required for these risks.
How much home insurance do I need?
You should have enough coverage to rebuild your home at current construction costs and replace personal belongings. Many insurers offer calculators to help determine the right amount.
How do I file a home insurance claim?
Notify your insurer immediately after a loss, document the damage with photos, keep receipts for emergency repairs, and work with the claims adjuster assigned to your case.