Homes are treasured investments. The right insurance coverage can protect a dwelling and its contents and help provide peace of mind if something unfortunate happens.  

This insurance coverage is often called a package policy since it includes property protection and liability coverage. Homeowners insurance offers financial protection against loss due to natural disasters, theft, vandalism and accidents such as fire. In addition, if a guest in your home is injured, liability protection and medical coverage may help pay expenses. 

What Coverage Does Homeowners Insurance Provide? 

Homeowners insurance typically includes these essential coverages: 

• Coverage for the structure of the home—This coverage may help pay to repair or rebuild a home if it is damaged or destroyed by fire, hurricane, hail, lightning or other disaster listed in the policy. Generally, coverage won’t pay for damage caused by a flood, earthquake or routine wear and tear. 

• Coverage for personal belongings—This coverage may help pay for furniture, clothing, sports equipment and other personal items stolen or destroyed by fire, hurricane or another insured disaster. Expensive items such as jewelry, furs and silverware may also be covered, but there are usually policy limits. Many people buy a personal property endorsement or floater to insure these items for their appraised value.

• Liability protection—This protection may help cover the costs of medical bills and lawsuits for bodily injury or property damage that policyholders or family members cause to other people. It may also pay for damage or injury caused by pets. The policy’s liability portion may help pay for both the cost of defending the policyholder in court and any court awards—up to the policy’s limit. Some people also choose to purchase an additional umbrella or excess liability policy, which provides broader coverage, including claims for libel and slander.

• Additional living expenses—This coverage may help pay for the costs of living away from home if your home is inhabitable due to damage from a fire, storm or another insured disaster. It may cover hotel bills, restaurant meals and other living expenses incurred while your home is being rebuilt. 

  

How Much Coverage Do I Need? 

Homeowners insurance typically protects your home from damage to its structure, including fixtures, plumbing and heating. You should purchase enough insurance to cover the cost of rebuilding or repairing your home, minus the land cost. Eagle Insurance can help you choose the right home coverage for you.   

What Does Coverage Cost? 

Homeowners insurance depends on various factors, including your home’s location, the cost to rebuild it, the desired amount of coverage, and your home’s age and condition. We can help you secure a policy that fits your needs and budget. 

How We Can Help 

Eagle Insurance can help you get your homeowners insurance policy today. Please call us today at 956-620-2028 to get started.