At Alfa, we can provide several different types of homeowner insurance policies available, each with its own level of coverage and cost. A standard homeowner policy, renter’s insurance, tenant-occupied home insurance, and manufactured home policies, just to name a few.
Homeowner’s Insurance
Homeowner’s insurance is a type of insurance policy that provides financial protection for a homeowner against damage or losses to their property and personal belongings. It is important for homeowners to carefully review their policy and understand the level of coverage provided by their specific policy. Homeowners may also choose to add additional coverage or endorsements to their policy to further protect their property and personal belongings.
Dwelling Coverage
Dwelling coverage covers damage to the physical structure of the home, such as the roof, walls, and foundation. It also covers structures attached to the home, such as a garage or carport.
Personal Property Coverage
Personal property coverage covers the policyholder’s personal belongings, such as furniture, clothing, and electronics, in the event of loss from a covered peril. The coverage limit is typically a percentage of the dwelling coverage limit.
Liability Coverage
Liability coverage protects the policyholder against lawsuits resulting from injuries or damage caused by the policyholder or their family members or incidents occurring on the insured property. It can cover legal fees, settlements, or judgments against the policyholder.
Loss of Use Coverage
Loss of Use coverage covers the cost of temporary living expenses, such as hotel stays or rental costs, if the policyholder’s home is uninhabitable due to a covered peril.
Other Coverage Options
Other optional coverages may include Home Systems Protection for the mechanical or electrical failure of home systems such as major appliances or your HVAC system or scheduled personal property coverage for high-value items such as jewelry, firearms, and art.
Secure your home and belongings with the expertise of The Jerry Reid Agency. Schedule an appointment today for a consultation and find insurance coverage for your peace of mind.