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Homeowners Insurance: Why Should You Have One? – Part 1

Homeowners Insurance

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Homeowner’s insurance is a critical part of owning a home. It provides financial protection against potential losses due to damage, theft, or other disasters. This coverage protects your home and its contents and covers you and your family in case of personal injury or liability claims. 

Homeowner’s insurance ensures you and your family are secure and protected in an unexpected disaster. This article will discuss why homeowner insurance is so important, why you need it, and where to find a home insurance agency. 

What Does a Homeowner’s Insurance Cover?

There are many ways to modify a homeowner’s insurance coverage. But the following are the core services that the insurance company provides:

Homeowner’s Insurance Covers the Property’s Exterior and Interior

In the event of a disaster like a fire, hurricane, lightning, or vandalism, your homeowner’s insurance will cover the cost of repairs. However, if you want coverage against floods, earthquakes, or poor house maintenance, you might need to purchase additional insurance. Any structures not attached to the main home may be subject to the same regulations.

If an insured disaster, such as an earthquake, damages your home’s possessions, clothing, furnishings, appliances, and other valuables, you will be compensated. Depending on the insurance’s conditions, you can file a claim for lost jewelry no matter where it was discovered.

Though there may be a limit on the total amount, your insurance company will pay out. If you have a policy that covers it, most insurance companies will pay between 50 and 70 percent of the structure’s worth of your home.

The more valuable your belongings are, the more detailed a schedule will be needed. You can also include a unique strategy for expensive goods.

Homeowner’s Insurance Policy Covers Your Rental Space’s Cost 

If significant property damage forces you to relocate for an extended time, you’ll receive the best insurance. Additional living expenses insurance would cover your rent, meals, and other expenses while your house is fixed.

What are Some Common Exclusions of Homeowner’s Insurance?

While homeowner’s insurance provides a wide range of coverage, the policy also includes several exclusions. Knowing a homeowner’s insurance policy’s exclusions is important to ensure you are adequately protected. 

The most common exclusions found in homeowner’s insurance policies are: 

  • Damage caused by normal wear and tear: Normal wear and tear, such as wind, rain, and sunlight, are not covered by homeowner’s insurance. 
  • Damage caused by flooding and earthquakes: Flood and earthquake damage are usually not covered by homeowner’s insurance. To protect against these risks, separate plans are offered.
  • Damage caused by neglect: Homeowner’s insurance does not cover damage caused by neglect, such as a leaky roof or broken window. 
  • Damage caused by intentional acts: Vandalism and arson are examples of intentional actions not covered by homeowner insurance.
  • Damage caused by nuclear accidents: Homeowner’s insurance does not cover damage caused by nuclear accidents. 
  • Damage caused by war: Homeowner’s insurance does not cover damage caused by war, including acts of terrorism. 

Understanding your homeowner’s insurance policy’s exclusions is important to ensure you are adequately protected. Speak to your insurance agent if you have any questions about what your policy doesn’t cover.


Homeowner’s insurance is important to protect your home and family against potential financial losses. It provides a financial cushion should something unexpected happen, such as a natural disaster, an accident, or theft. Homeowner insurance helps cover repairs, medical expenses, and legal fees associated with these events. 

Peace of mind is also derived from the understanding that your house and possessions are safe. In short, homeowner insurance is an important and necessary investment that can provide financial security and peace of mind.

Bassine Insurance provides homeowner’s insurance and other insurance products to safeguard you and your loved ones. Get in touch if you need homeowner’s insurance in Fort Myers!

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