
By Bill Strauss
Your home is where memories are made and it’s also a major investment. It’s the haven you’ve created to live your life in safety and comfort and do what you love most. Cozy dinner parties for two. Tinkering on a classic car. Raising a family.
Home insurance is not required by law, but if you have a mortgage, your lender can require you to have insurance until the loan is paid off. It is there to help you protect what matters most, wherever you call home. It’s there to help you ease the financial burden of repairing or rebuilding your home and replacing your belongings after commonplace disasters.
Not every home insurance policy is the same. Policies can be tailored to fit your needs. A standard homeowners insurance policy covers damage to your home and your property caused by various perils covered by the policy.
Typical home insurance policies cover damage caused by an aircraft, car or other vehicle, explosions, falling objects, fire and smoke, lightning strikes, theft, vandalism and malicious mischief.
They provide four main types of coverage. Dwelling coverage helps you pay for repairs or rebuilding your home if it’s damaged or destroyed. Personal property coverage helps you pay the costs of fixing or replacing your belongings if they’re damaged. Liability coverage helps you protect your financial assets if you’re at fault for an injury or property damage or say a dog bites your neighbor.






