Your home is probably one of your largest investments. To protect your home and your possessions, it is important to have the proper Homeowner's Insurance coverages. Here is a brief summary of some of the basic coverages that a home insurance policy provides:

Coverage A- Dwelling

This section of the policy provides a limit of insurance for the dwelling itself. The amount should be equal to 100% of the replacement cost of the dwelling and not what the market value of your home is.

Coverage B- Other Structures

This section of the policy provides a limit of insurance for structures that are detached from the main dwelling. This could include a garage, shed, barn, or swimming pool. A limit of 10% of the Coverage A amount is included in the basic policy, whether you have any detached structures or not. Higher Coverage B limits can be purchased for an additional premium.

Coverage C- Personal Property

This section of the policy provides a limit of insurance for your personal property. A limit of 50% of the Coverage A amount is included in the basic policy. Higher Coverage C limits can be purchased for an additional premium.

Do you have an accurate inventory of your personal property and its current value?
View and print out an inventory form here....

Coverage D- Additional Living Expense

This section of the policy provides a limit of insurance for expenses incurred if you cannot occupy your home after a covered loss. A limit of 20% of the Coverage A amount is included in the basic policy.

Coverage E- Personal Liability

This section of the policy provides a limit of insurance for bodily injury and property damage for which you are legally liable. Most policies include a limit of $100,000. Higher limits can be purchased for an additional premium.

Coverage F- Medical Payments To Others

This section of the policy provides a limit of insurance to pay for injuries to others that occur on your property regardless of fault. Most policies include a limit of $1,000. Higher limits can be purchased for an additional premium.