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Home Insurance Basics

Home insurance is an important coverage that will protect you against financial loss and damage in the event of a theft or a disaster. The insurance company will pay for the damage or loss that is written in your policy in exchange for you paying a premium.

While home insurance is not required in the United States, it is a good idea to add it to your list of coverages. Having a home insurance policy protects your biggest asset in the event of an incident. There are different coverages you can add to customize your policy to your needs. A standard homeowners policy covers your home’s structure, personal belongings, and liability.

  • Home’s Structure – refers to the foundation, frame, roof, and attached structures like a garage.
  • Personal Belongings – covers the contents of your home, like furniture and electronics.
  • Liability – covers your legal responsibility when property damage or bodily injury happens to others.

What Home Insurance Covers

Home insurance policies usually cover your home’s structure, including certain unattached structures, personal belongings, and liability. Additional living expenses are also normally included.

ALE covers expenses of living outside of your home if your home becomes inhabitable due to a covered loss. However, it only covers reasonable expenses until your home is habitable.

Personal belongings are covered, but there are special limits on certain items. There is additional coverage for certain items, like art and jewelry, if you want to ensure those items are fully covered.

Flood damage is not included in homeowner policies. Purchasing a separate flood insurance policy is the best way to ensure your home and property are covered in a flood.

Call or email us to get a quote from any of our A-rated 35+ carriers on home and supplemental insurance.

The above description provides a brief overview of the terms and phrases used within the insurance industry. These definitions are not applicable in all states or for all insurance and financial products. This is not an insurance contract. Other terms, conditions and exclusions apply. Please read your official policy for full details about coverages. These definitions do not alter or modify the terms of any insurance contract. If there is any conflict between these definitions and the provisions of the applicable insurance policy, the terms of the policy control.

Ready to Learn More?

Connect with one of our insurance specialists today.

Why Choose FBC Insurance Services?

At FBC Insurance Services, we are committed to providing our clients with outstanding customer service. We have access to many different A-rated insurance carriers that are able to provide coverage across the country. This means we will shop them all and find the best insurance offer whether it’s for your home, flood, auto, motorcycle, boat, recreational vehicle, or personal policy. We also offer bundling of policies to provide you further discounts and savings.

All information presented is for educational purposes only and not intended as financial advice.

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