Homeowners Insurance

A homeowners insurance policy can help pay for repair or replacement if your home is damaged or destroyed. It may also provide liability coverage for you and your family and help pay for your living expenses if covered property damage forces you to leave your home temporarily. Read on to learn more about what homeowners insurance can cover and how much you need. 

We’re here to help you find the best homeowners insurance for your property. Contact Marietta Insurance Services in Marietta, Georgia, for more information.  

What Does Homeowners Insurance Cover? 

Homeowners insurance, also called home insurance, is known as a package policy. It is a binding agreement with your insurance company in which they agree to pay for covered losses up to your policy limits in exchange for your premiums. 

Here are some common home insurance coverages: 

• Personal liability coverage may cover costs associated with allegations that your family caused property damage or bodily injury to a third party.
• Dwelling coverage can help pay for damage to the structure of your home (e.g., foundation) if your home is damaged due to a covered peril.
• Other structures coverage may pay for repairs or replacements to detached structures on your property (e.g., detached garage, fence) after damage from a covered peril.
• Personal property coverage may pay to repair or replace your personal possessions if they’re damaged or destroyed in a covered loss.
• Additional living expenses may cover costs associated with leaving your home temporarily if a covered event damages your house.  

Certain natural disasters may not be covered in your home insurance policy. If you live in a high-risk flood zone, for example, you might benefit from purchasing a separate flood insurance policy on top of your home insurance. Ask your insurance agent about covered perils today. 

Is Homeowners Insurance Required? 

Although homeowners insurance is not required by law, it is often mandated by mortgage lenders to protect their financial interests in your home. Even if you don’t have a mortgage on your home, you may choose to purchase homeowners insurance to protect your finances.  

How Much Homeowners Insurance Do I Need? 

When determining how much home insurance you need, consider how much it would cost to rebuild your home from the ground up. Certain home characteristics (e.g., building materials, unique features) could make rebuilding more costly. Similarly, it can be helpful to consider the cost of replacing your possession and any assets you could lose in a liability lawsuit against yourself or your family.  

Contact Marietta Insurance Services for a homeowners insurance quote. 

How Do I Buy Homeowners Insurance? 

We’re here to help you find the right policy for your needs. Contact Marietta Insurance Services to learn more about our homeowners insurance coverage and to speak to a home insurance agent.