🏡 Homeowner’s Insurance 101: What Every Homeowner Should Know

Buying a home is a milestone. But protecting it? That’s a responsibility.

Whether you're a first-time buyer or reviewing your current policy, understanding the basics of homeowner’s insurance is key to making sure your most valuable asset is protected.

Here’s a quick breakdown of what homeowner’s insurance covers—and what to watch for:

🔍 What Does Homeowner’s Insurance Typically Cover?

Most standard policies include:

✅ Dwelling Coverage – Protects the structure of your home (roof, walls, built-ins) against covered perils like fire, windstorms, and vandalism.

✅ Other Structures – Covers things like fences, sheds, and detached garages.

✅ Personal Property – Protects belongings such as furniture, clothing, and electronics.

✅ Liability Coverage – If someone is injured on your property or you cause damage to others' property, this helps cover legal costs or settlements.

✅ Loss of Use – Pays for temporary housing if your home is uninhabitable due to a covered claim.

⚠️ Common Exclusions to Know

🚫 Flood and earthquake damage – typically not included in a standard policy. Separate policies are required.

🚫 Wear and tear – insurance won’t cover maintenance or neglected repairs.

🚫 High-value items – jewelry, art, or collectibles may need extra coverage through endorsements or floaters.

💡 Tips for Homeowners

• Bundle and save – combining home and auto insurance often reduces your premium.

• Review your coverage yearly – especially if you’ve remodeled or added valuables.

• Understand your deductible – higher deductibles lower your premium but increase out-of-pocket costs when filing a claim.

• Ask about replacement cost vs. actual cash value – one covers the full cost to replace, the other factors in depreciation.

  
  

🧭 Not Sure Where to Start?

Working with a broker can help you compare carriers, tailor coverage to your home, and avoid gaps that could cost you down the line.

At BC Brokerage, we help homeowners feel confident in their coverage—without overpaying for what they don’t need.

📩 Want a second opinion on your policy?Happy to do a complimentary review—DM me or connect with our team anytime.

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