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Homeowners Insurance

If you have tangible assets, you need the protection of a homeowners insurance policy. These policies cover you in a home or an apartment, whether you are an owner or a renter. A well-written homeowners policy will pay to replace any of your personal property that is destroyed in a fire or other disaster. The policy will also be your first line of defense against a lawsuit from someone injured at your home.

The cost of this coverage is determined by many rating factors. The quality of the coverage, however, is determined by the quality of the insurer and whether the policy is written on a named perils or all-risk basis. A named-perils policy covers only those losses specifically cited in the contract. The all-risk policy works the opposite way – unless a peril is specifically excluded, coverage is provided. The all-risk policy is broader and the burden of proof is on the carrier, not you, in the event of a loss.

FAQs for Homeowners Insurance

What does homeowners insurance cover?

A standard homeowners insurance policy typically helps cover your home’s structure, personal belongings, personal liability, and additional living expenses if your home becomes uninhabitable after a covered loss. Coverage varies by policy, so it’s important to review your specific coverage with your insurance agent in Crooksville, Zanesville, & Columbus, Ohio.

Is homeowners insurance required?

Homeowners insurance isn’t required by law, but most mortgage lenders require it until your home loan is paid off. Even if you own your home outright, maintaining coverage can help protect one of your biggest financial investments.

Does homeowners insurance cover roof damage?

Homeowners insurance often covers roof damage caused by covered perils such as wind, hail, fire, or falling trees. Damage resulting from normal wear and tear, age, or lack of maintenance is generally not covered.

Does homeowners insurance cover water damage?

Homeowners insurance may cover sudden and accidental water damage, such as a burst pipe or an overflowing washing machine. However, damage caused by flooding, sewer backups, or long-term leaks is usually excluded unless you have additional coverage.

Does homeowners insurance cover flooding?

No, standard homeowners insurance policies typically do not cover flood damage. If your home is located in a flood-prone area—or even if it isn’t—you may want to consider purchasing a separate flood insurance policy for additional protection.

How much homeowners insurance do I need?

The right amount of homeowners insurance depends on the cost to rebuild your home if it were damaged or destroyed—not what it’s worth on the real estate market. Every home is unique, so it’s important to choose coverage that fits your specific needs. Our team is happy to help you determine the right amount of protection for your home and answer any questions along the way.

What is a homeowners insurance deductible?

A deductible is the amount you pay out of pocket before your insurance coverage begins to pay for a covered claim. Generally, choosing a higher deductible can lower your premium, while a lower deductible typically results in a higher premium.

Does homeowners insurance cover personal belongings?

Yes, most homeowners insurance policies include personal property coverage for belongings like furniture, clothing, electronics, and appliances if they’re damaged or stolen due to a covered loss. Some high-value items, such as jewelry or collectibles, may require additional coverage.

What is personal liability coverage?

Personal liability coverage helps protect you financially if you’re found legally responsible for injuries to another person or damage to someone else’s property. It may also help cover legal defense costs if you’re sued for a covered incident.

Can I save money on homeowners insurance?

Yes! There are several ways you may be able to lower your homeowners insurance premium. You could qualify for discounts by bundling your home and auto insurance, installing security or fire protection systems, maintaining a claims-free history, or choosing a higher deductible. Our team can review your policy, explain your options, and help you take advantage of any discounts you may be eligible for.
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