Protecting My Investment


Homeowners Insurance

ProtectMyInvestmentWhat is Homeowner Insurance?

It is insurance that protects your home and personal belongings from fire, theft, vandalism etc.

What is covered and not covered?

Home Insurance is divided into two parts: property protection and liability protection.

Property protection includes: dwelling, other structures, personal property, loss of use or additional living expenses and additional coverages.

Liability protection includes: medical payments, liability and personal liability.


Medical payments:

  • This pays the medical expenses of others when they're accidentally injured on your property.  Most policies include at least $1,000 of coverage, but you can get higher limits.  Generally, this coverage applies only to guests who are on your property with your permission.



  • This pays expenses for bodily injury and property damage that happens to others when you're legally liable.
     For example: If you knew you had a loose deck railing and someone leaned on it, and fell off and was hurt, you can be held liable.
  • Most policies include at least $100,000 of coverage, but higher limits may be available.


Personal liability:

  • This extends coverage beyond your property limits.  If an incident occurs involving family members who live with you (as defined in your policy) at other locations, it will cover the liability of your family members.
     For example: It may provide coverage if your minor child damages a neighbor’s property.


What's Not Covered?

There are several major risks that a standard homeowner policy does not cover.  If you face these risks, you should strongly consider buying additional coverage.


Earthquake Insurance

This coverage provides for repair or replacement of your home due to an earthquake.


Flood Insurance

You'll need flood insurance to cover you against floods, flood-related erosion, abnormal tidal surges and mud flow.


Homeowner Insurance and Land Movement or Landslides

Homeowner policies usually don't cover damage due to land movement or landslides.


Homeowner Insurance and Mold

Some companies will allow you to buy additional coverage for mold.


Volcano Coverage for Your Home and Auto

Not all damage caused by a volcanic eruption is covered under your homeowner policy - you may need more coverage.

Other Common Things your basic policy doesn't cover

  • Wear and tear, deterioration
  • Maintenance issues, including slow water leaks
  • Damage due to animals or rodents
  • Foundation settling and cracking


In addition to your basic homeowner policy, you may want to think about the following coverage:

  • Difference in conditions - You can buy this coverage to protect your home against damage caused by excluded perils, such as earthquakes, floods, landslides, and sinkholes.
  • Another residence on your property - This coverage protects you if you have a second residence on your property, such as a rental house or a mother-in-law apartment.
  • Secondary residence premises - This coverage provides protection for a secondary residence, such as a summer home. You might get the additional coverage at a reduced rate by buying a rider to your homeowner policy.
  • Home-based business - If you run a business out of your home, you might be uninsured and not realize it.
  • Sewer backup - This coverage protects you against losses due to sewer or sump-pump backup.
  • Umbrella liability policies - These policies extend your coverage above the limits of the liability coverage you already have through your homeowner and auto policies.  They provide you with an extra layer of protection.
  • Watercraft - This endorsement covers small sailboats and outboard motorboats.  It expands your personal-liability and medical-payments coverage.  There are size limitations to watercraft and engine horsepower, so talk to your agent.



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There are no words to say how much you did for us and how much you helped us, you basically saved us.
B. A.
Thank you for taking the time to talk to me and put my heart at rest! I look forward to working with you to stay in our home.  I have an appointment with a housing counselor your referred us to and I will give you an update once that occurs.  Again, it meant so very much to me that you took the time to give me hope.
A. F.
I want to say a huge thank you.  It feels a million times better knowing where we will be living, that we don't have to move, and I can actually afford to live here.  My life is no longer on hold, and we have been able to make plans for the first time in ages. There is no more black cloud of uncertainty hanging over my head always, waiting for the bank to dictate so much of my life. Thank you, thank you, thank you!
C. K.