6 Basic Types of Homeowner’s Insurance

6 Basic Types of Homeowner’s Insurance

A home is an investment and you want to protect that investment at all costs. That’s why it’s so important to make sure you get the right homeowners insurance Sacramento. Here is a breakdown of some of the most popular insurance types.

1.    Dwelling Coverage

This is the foundation for covering your home. It provides protection for all of its structure including the walls, floors, ceilings, and even built-in appliances. It will also cover any damage in the event of theft, vandalism, hail, and fire.

Depending on the type of dwelling coverage you choose, it can even help you rebuild your home if an accident results in a total loss.

2.    Contents Coverage

This policy covers everything inside your home, even furniture and clothing. If an incident occurs, you will be given the cash value of these items up to a predetermined price at the time of purchasing this agreement.

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3.    Personal Liability

This will cover any guests on your property who get injured. It also covers any incidents that occur that were your fault but not done on purpose.

4.    Flood Insurance

This is a separate policy with its own deductible. It will cover your house and belongings in any flood related instance. Depending on where your home is located, it may be a requirement to purchase flood insurance.

5.    Earthquake Insurance

Living in California, purchasing earthquake insurance should be a no-brainer. Like flood insurance, this is a separate policy and has its own deductible.

6.    Replacement Cost Plus

This is an added amount of funds that would be given to you in the event of a total loss of your home. If the value of your home has depreciated, you may want to invest in this separate policy. As with the others, it comes with its own deductible.