A home typically is the most valuable asset most people will have and the single largest investment they make during their lives. Whether the home is financed or owned outright, it’s important to protect it with homeowners insurance. According to Money Geek, a personal finance resource, about 5% of homeowners during any given year file an insurance claim due to perils. It’s important for policyholders to closely examine homeowners insurance quotes to ensure they get the insurance protection they need and can add additional riders to protect against particular hazards. Here are some of the more important coverages that homeowners insurance quotes commonly include.

Protection for the Home’s Structure

When insurers provide homeowners insurance quotes, they start with a basic homeowners insurance policy that protects the home’s structure, including attached structures like garages, against common perils. Those perils typically include accidental fire, theft, and internal flooding. A basic policy protects the home’s exterior, interior, and belongings up to policy limits. The belongings include everything inside the home, including furniture, electronics, and other personal items. However, policy limits are often much lower than needed to replace many types of property, such as artwork and antiques, for which insurance riders can be added for full protection.

Coverage for Detached Structures

Your home might have a detached garage, pole barn, or shed. A fence also is a detached structure for which a basic homeowners insurance policy might automatically include in its coverage. A general rule of thumb is that anything connected by a utility, such as electrical or plumbing, or that is attached by a walkway, such as a sidewalk, is included in the basic homeowners insurance policy. Other structures might require additional insurance protection to protect against particular perils.

Liability Protection

When you own a home, you're liable for injuries or property damage that others might suffer due to conditions on your property. If you have a tall tree that falls onto a neighbor’s property and damages a home or vehicle, liability protection included with a homeowners insurance policy might cover the costs. If someone slips and falls while visiting your property, the liability coverage could protect the injured party against financial harm and you against liability.

Now that you know what to expect when purchasing home insurance, you're probably ready to look for some homeowners insurance quotes. You've come to the right place! Call Barranca Insurance Services, Inc today to get started with a free quote.