Homeowners insurance policies provide broad coverage for losses to your home, your personal belongings and also for detached structures on your property. It also provides protection in the event of an injury to people on your property. The extent of the perils covered depends on the type of homeowner policy. An all-risk policy offers the broadest coverage. This covers all perils except those specifically excluded in the policy.

Homeowners insurance highlights:

Your Home – should be insured for an amount based on the replacement cost value of your property. Replacement cost is what it would cost today to rebuild your house in the event of a loss and based on current building codes.

Personal Property- policies automatically provide a separate amount to cover your personal belongings, such as furniture, appliances, and clothing.

Personal Liability – if you are legally responsible for an injury to a guest or for damage you cause to another person’s property, the personal liability section of your policy can provide important protection.

Other Structures -basic coverage is included for any detached structures on your property. Examples include sheds, garages or fences.

Loss of use of Home – if your home were to become uninhabitable, your policy can provide valuable benefits to help you with additional living expenses.

Coverage for Flood and Earthquake damage is excluded and must be purchased separately.