homeowner's insurance: 

everything you need to know before you buy

Our house is our home. It’s where we relax, rest our heads at night, probably work from now, and it’s what keeps us, our family, and all of our stuff safe.

At its core, homeowners insurance is an insurance policy that covers losses and damages to your home and assets in the house. 

What Is Homeowners Insurance?

A typical homeowners policy typical covers: – Damages to the exterior of a home – Damages to the interior of a home – Injuries that occur on the property

With actual cash value coverage, you’d be covered for the cost of your home and belonging after accounting for depreciation.

Actual Cash Value

Replacement value policies are the same as actual cash value except it does not take depreciation into account. You would be able to receive the amount you originally paid.

Replacement Cost

This type of coverage will allow you to receive the total cost of repairing or rebuilding your home, even if it’s more than your policy limit.

Guaranteed Replacement Cost/Value