The Basics of Homeowners Insurance

The Basics of Homeowners Insurance

Purchasing your first home is a milestone moment in your life. In order to protect your property against the unknown, you need to take out homeowner’s insurance. Understanding what this type of policy entails can help you select the right options for your needs. Contacting an agent through an establishment like John Dugger insurance is a great way to understand all of your specific options. Generally speaking, homeowner’s insurance will cover these areas:

Damage done to the home’s structure

Damage done to personal property

Liability coverage for those injured on your property

Of course, you will need to speak with an agency to learn exactly what you can expect with your policy.

Insurance and Natural Disasters

It is also important to understand that some natural disasters are covered by standard policies, but you may need to take out additional coverage for specific scenarios. For example, fire damage is traditionally covered, but flood damage is not always covered.

Displacement Options

Some policies also offer displacement coverage. In the event your home is damaged from a storm or fire, this policy will help to cover living expenses while your home is being repaired. This can include hotel rooms, food, and more.

Homeowner’s insurance provides a bit of comfort in an uncertain world. Reach out to John Dugger insurance or a similar agency to learn more about getting started.