Homeowners Insurance 101: What It Covers & How Much It Costs

Buying a home is a huge milestone, but protecting it is just as important. If you're wondering what homeowners insurance covers and how much it costs, you're not alone. These are some of the most Googled questions, and we're here to break them all down in simple terms!

What Does Homeowners Insurance Cover?

A standard homeowners insurance policy helps protect your home and belongings from unexpected disasters. Here's what’s typically included:

Dwelling Protection: Covers damage to the structure of your home due to fire, wind, hail, or vandalism.

Personal Property: Protects furniture, electronics, and other belongings if they are stolen or damaged.

Liability Coverage: Helps cover legal costs if someone is injured on your property.

Additional Living Expenses (ALE): Pays for temporary housing if your home becomes uninhabitable due to a covered event.

What’s NOT Covered?

Floods & Earthquakes: Require separate policies.

Wear & Tear: Insurance won’t pay for routine maintenance or aging-related repairs.

Certain Mold & Pests: Damage from termites or mold buildup isn’t typically included.

If you live in an area prone to floods or earthquakes, consider purchasing additional coverage to stay fully protected!

How Much Does Homeowners Insurance Cost?

There’s no one-size-fits-all price for home insurance—it depends on several factors. However, the national average cost is around $1,500 per year, but your rate may vary based on:

Home Location: Areas with high crime rates or extreme weather tend to have higher premiums.

Home Value & Construction: The cost to rebuild your home affects your coverage amount.

Claims History: Filing multiple claims in the past can increase your rate.

Coverage Amount: More extensive coverage (or a lower deductible) leads to higher premiums.

Safety Features: Homes with security systems or updated roofing may qualify for discounts.

How to Lower Your Home Insurance Premium

• Bundle home and auto insurance with the same provider.

• Increase your deductible to lower monthly payments.

• Improve home security with smart locks, alarms, and smoke detectors.

• Shop around and compare quotes regularly.
  

Let’s Find the Best Coverage for You!

Homeowners insurance doesn’t have to be confusing—or expensive! At InsuraPro Advisors, we’ll help you compare policies, find the best rates, and make sure your home is fully protected.

📞 Contact us today for a free quote!