Homeowners Insurance: Coverage that provides protection for your home and damage to personal property and injuries to others.

They pay for you to live somewhere else until your house is fixed. Extra living expenses are paid for by the insurance.

These things are covered by the personal property portion of the home owners policy up to a portion of the insured portion of the home. (55, 70, or 75%)

Most of the time this is not enough money to cover but they can give so much to everyone that has accidents

If you live in the area of flood or earthquakes you have to purchase special coverage to protect your home...

(HO-1): Fires, Lightening, Wind Storms, Hail, Volcanic Eruptions, Explosions, Smoke, Theft, Vandalism, Glass Breakage, Riots

(HO-2): Falling objects, damage from ice or snow and sleet,

(HO-3): Covers all basic and broad form risks, plus any other ricks. except those specifically excluded from the policy. Common exclusions include: Floods, Earthquake, war, and nuclear accidents.

(HO-4): protects personal property of renters against the risk listed in the policy. Does not include coverage on building or other structures.

(HO-5): Includes endorsements for replacement-cost coverage on contents and guaranteed replacement-cost coverage on buildings.

(HO-6): Protects personal property and additions or improvements made to the living units. Might include: bookshelves, electrical fixtures, wallpaper, or carpeting.

Location: It effects your insurance rates. Companies offer lower rates to homes that are closer to water supply or fire hydrants or located in an area with a good fire department. Rates are high were there is crime, severe weather, such as tornadoes and hurricanes, they have higher insurance

Type of Structure: The constructions influences the price of insurance coverage. Brick homes cost less then a structure made of wood. Earthquake coverage is more expensive for a brick house than a wooden dwelling. Older house may be more expensive to restore, it will cost more to insure

Price, Coverage, Amount, Policy Type: It cost more to insure a home that is 300,000 than a home that is 100,000. Type of policy you choose and the amount of coverage you select affects the amount of premium you pay.

Home Insurance Discounts: Most companies offer discounts if homeowners reduce risks at home. Premium may be low if you have smoke detectors or a fire extinguisher. (Dead-bolt locks and alarm systems)

Company Differences: Can save up to 25% of homeowners insurance by comparing different companies. Do not select a company on the basis of price alone.