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Homeowners Insurance


Your home is your space. It is a safe haven for comfort, peace, laughter and love, and to protect it, you need Homeowners Insurance. Surely such a place is worth protecting, and should not be left uninsured or under insured, in the face of the many perils it can endure.


When a storm slams through your front door or another catastrophe strikes, the whim of fate can determine the severity of damages you suffer. Your choices today will affect your tomorrows.

Your Homeowners policy is crucial in protecting the things you love.


How Much Homeowners Insurance Is Enough?

When Jerry and her husband, Kurt, lost their home in a wildfire last year, their insurance company sent a check for roughly $394,000 to rebuild the structure. The estimate that Jerry and Kurt received to rebuild their house was $611,000, leaving the couple more than $200,000 short.


Dwelling– Coverage for repairs or rebuilding your home


Other Structures– Coverage for structures on the property, but separate from the dwelling. Examples of detached structures are garages, sheds, fences, driveways, patios, and pools


Personal Property-Electronics, furniture, clothing and other personal items are covered in the event of a covered loss


Loss of use– If you must temporarily move out of your home, lodging and living expenses will be covered


Liability-Coverage is provided in the event of bodily injury or property damage to others on your property. You and your family members will also be covered if an accident were to occur off of your property. Should you be sued and the claim is covered, defense costs will be covered


One of the biggest mistakes we see when people are looking for Homeowners Insurance is they tend to believe that all they need to cover is the home’s current market value or to pay off their mortgage. However, Home Insurance is intended to pay the costs to rebuild if it is destroyed. This amount of coverage may or may not be the same as what you paid for the house or the amount you still owe. Many homeowners find themselves underinsured in the face of disaster, and this has all too often become a problem when faced with devastating loss.


It is very important to understand the difference between Replacement Cost and Actual Cash Value. Replacement Cost does not take depreciation into account. In the event your home is damaged or destroyed, your Homeowners policy will pay what it would cost to replace or rebuild your home, based upon a similar home in today’s market. On the other hand, Actual Cash Value can be calculated by subtracting the depreciation from the replacement cost. In other words, Actual Cash Value is the market value of the house, minus depreciation incurred for the amount of years you’ve owned the home.

Homeowners Insurance does not cover everything. Damages from floods or earthquakes require separate insurance policies. Mold and sewage backup are not always automatically covered and they can be costly.

Your Home Insurance comes with a standard loss deductible, but it is not an all-loss flat deductible. In the event of major weather events, your deductible is often a small percentage of your coverage, and that small percentage can mean thousands of dollars of out of pocket expenses.

Art, jewelry, antiques, computer equipment, can be covered for replacement value under your standard Homeowners policy. It is best to be sufficiently covered for these things and have a clear appraised value of them. By adding a Floater, you can make sure these precious, sometimes irreplaceable, items are adequately covered.

Call, click, or stop by the office for a free, no-obligation quote. Allow us to provide you with a specialized Homeowners Insurance Policy today!

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