Homowners Insurance
Protect Your Residence
Keeping Your Home Safe With Homeowners Insurance
Insuring the place you call home with a homeinsurance policy can help protect you financially if you suffer a loss due to fire, theft, vandalism, or other covered events. It can also cover you in the event someone is injured while on your property and wins a legal judgment against you.
Home insurance policies differ by which losses are covered, which coverages you choose, and what type of residence you own. You choose which policy is best for you, whether it’s a comprehensive policy that cover losses such as fire, hail, smoke, falling objects, vandalism and theft of personal property, or if it’s a policy that covers only specified losses.
How Much Does Home Insurance Cost?
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 limits.
You may choose to set higher limits than the recommended amount if appropriate to your situation and needs.
Common Coverage Options
Know Your Options
Protection for Your Home
Property or Dwelling Coverage typically pays to repair or rebuild your home if it’s damaged or destroyed by an insured event like a kitchen fire or windstorm.
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.
Scheduled Personal Property Coverage
If you have special possessions such as jewelry, art, antiques or collectibles, you may want to talk to your agent about this additional coverage. It provides broader coverage for specific items.
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.
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 generally applies anywhere in the world.
When choosing your liability coverage limits, consider things like how 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.
Additional Living Expenses
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.
If You Rent Out Your Home
Landlords may have the option to buy optional liability coverage for the risks posed by tenant-occupied dwellings. Visit our Landlord Protection Insurance page for more information.
Protect The Things That Matter To You
Make an inventory of your home and personal belongings. If possible, make a list as well as take photos or video — using two inventory methods can help expedite the claim resolution process. Keep this list somewhere other than your home. Keep in mind that your policy doesn’t cover damages caused by poor or deferred maintenance on your part.
What People Are Saying
FAQ
What does homeowners insurance cover?
Homeowners insurance can cover damage to your home from events like fire, hail, smoke, falling objects, vandalism, and theft. It can also cover personal liability if someone is injured on your property and wins a legal judgment against you, as well as additional living expenses if you’re temporarily displaced from your home due to a covered loss.
How much does homeowners insurance cost in Nebraska?
The cost depends on several factors including which coverage options you select, how high your deductible is, and what limits you set. Higher deductibles generally lower your premium, while higher coverage limits increase it. An independent agency like Jeff Munns Agency can compare rates and package discounts across multiple carriers to find the best combination for your situation.
What is dwelling coverage on a homeowners policy?
Dwelling or property coverage pays to repair or rebuild your home if it’s damaged or destroyed by a covered event like a kitchen fire or windstorm. It’s the foundational coverage in most homeowners policies, and the limit you set on it affects many of the other coverages tied to your policy. Insurers require homes to be insured to replacement cost or actual cash value depending upon your policy type selection.
Does homeowners insurance cover personal belongings?
Yes. Personal property coverage helps replace furniture, clothing, electronics, and other items inside your home if they are lost, stolen, or destroyed as a result of a covered loss.
What is scheduled personal property coverage on a home insurance policy?
If you own high-value items like jewelry, art, antiques, or collectibles, scheduled personal property coverage provides broader protection for those specific items beyond what a standard policy typically covers. You work with your agent to list and value each item individually.
Does homeowners insurance cover medical expenses if someone is injured on my property?
Yes. Medical coverage pays for medical expenses for guests injured on your property and in some cases covers people injured off your property as well. It does not, however, cover healthcare costs for you or other members of your household. Typical limits are 1000 to 5000 per person.
What are additional living expenses coverage on a homeowners policy?
If a covered loss makes your home uninhabitable, additional living expenses coverage pays for costs beyond your normal living expenses — such as hotel stays or temporary rental costs — typically for up to 12 or 24 months, depending on policy limits, while your home is being repaired or rebuilt.
Can I add extra dwelling coverage above my home’s replacement cost?
Increased building replacement coverage is available for qualifying homes to offset building costs in the event of a covered total loss to the home. The home is insured to 100% replacement cost and then the insurer may offer qualifying homes an additional 20%, 25%, 50% or 100% of property protection for a nominal premium increase.
Informational statements regarding insurance coverage are for general description purposes only. Read our disclaimer.
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