homeowner's insurance: 

everything you need to know before you buy

Our homes are essential pieces of our lives, and if something were to happen to them, it would need to get fixed. Issues vary from minor fixes to major problems.

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?

There are different types of insurance coverages in the US, and depending on which one you choose, it will change the amount you might receive from a claim.

Three Types of Homeowners Insurance

With actual cash value coverage, you’d be covered for the cost (how much you paid) 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.

Replacement Cost

GRC is the most comprehensive type of coverage. 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