What You Need to Know

Whether you own or rent, insuring the place you call home can help protect you financially if you suffer a loss due to fire, theft, vandalism, or other covered events. It will also cover you in the event someone is injured while on your property and wins a legal judgement against you.

Homeowners policies differ by which losses are covered, which coverage you choose, and what type of residence you own. You choose which policy is best for you, whether it’s a comprehensive policy that covers losses such as fire, hail, smoke, falling objects, vandalism and theft of personal property, or whether it’s a policy that covers only specified losses.

The Right Insurance for your Home

If you’re a home or condo owner, a renter, or a landlord, Capital Insurance Services will work with you to find a home insurance policy that fits your needs. We specialize in making it easy to choose the insurance coverage that gives you the best value for the best price.

Your home insurance policy is most often made up of the specific options you choose, so how much you’ll pay for your policy depends on:

• What you select

  Oftentimes homeowners insurance options are priced individually, so how much you’ll pay for your policy depends on what coverages you buy.

• How much you want to cover

  Higher deductibles usually lower your premium price by shifting part of the loss payment to you. For example, if you had a $500 deductible, you would be responsible for paying the first $500 of the covered loss.

• Where you set your limit

  You may choose to set higher limits than the recommended amount if appropriate to your situation and needs.

The amount you pay for your homeowners insurance depends on many factors. Think of your personal housing situation, and the assets you want to protect.

Protection for Your Home

Property or dwelling coverage typically pays to repair or rebuild your home if it’s damaged or destroyed in an insured event like a kitchen fire or windstorm.

Protection for You and Other People

Personal liability coverage applies if someone is injured or their property is damaged and you are to blame. The coverage general applies anywhere in the world.

When choosing your liability limits, consider things like home much money you make and the assets you own. Your personal liability coverage should be high enough to protect your assets if you are sued.

Medical Coverage

This covers medical expenses for guests if they are injured on your property, and in certain cases covers people who are injured off of your property. It does not cover health care costs for you or other members of your household.

Additional Living Expense

If you can’t live in your home because of a covered loss, your home insurance policy will pay additional living expenses – commonly for up to 24 months – while damage is assessed and your home is repaired or rebuilt.

Protection for Your Belongings

Your home is filled with furniture, clothes, electronics, and other items that mean a lot to you. Personal property insurance helps replace these items if they are lost, stolen or destroyed as a result of a covered loss.

Renting Your Home to Others

Landlords may have the option to buy optional liability coverage for the risks posed by tenant-occupied dwellings. Ask your personal lines account manager for more information.