What are the different types of homeowners’ insurance coverage?

What are the different types of homeowners’ insurance coverage?

Owning a home comes with a lot of responsibility, so it’s vital for you to cushion yourself against unforeseen future events such as fires or robberies by purchasing home insurance.

You need to buy insurance policies that marry with your unique needs. For instance, if you live in a hurricane-prone area, your policy needs to have flood insurance that protects your home from flood-related damages.

Always work with a local agency on your home insurance as it’s easier and allows direct conversations. An agent can help you understand and decide what type of coverage you are looking for.

Here are some different types of home insurance coverage.

1. Homeowners’ insurance

A standard homeowners’ insurance policy covers your home, its contents, and associated buildings such as the garage. It’s easier to replace your home or damaged properties at no cost once you have this insurance.

It also covers personal liability costs, such as physical injuries sustained by guests in your home. However, you need a customized policy that covers specific situations unique to you.

2. Renters’ insurance

This is for tenants in rental buildings that wish to protect their personal belongings. It covers costs for belongings that have been destroyed or lost within the rental building. The property owner usually has a separate insurance policy that covers the building only.

Landlords usually require tenants to purchase their own renters’ insurance to rid them of the responsibility of lost or damaged property.

3. Condo insurance

If you own a condo unit, this is the best insurance policy for you. It insures your condo unit and personal property against vandalism and fires.

Hire us

Whether you have a big or small home, you can get insurance online at an affordable rate. Purchasing a home insurance policy for your house is advisable as it acts as a safety net for the future in case of any damage to your property.

At EZ Insurance, we provide you with condo, mobile, and home insurance with low rates and great coverage. If you live in Austin, Texas, and want quality coverage, EZ Insurance is the right agency for you. Contact us today to get a free quote.