Frequently Asked Homeowners Insurance Questions

Standard homeowners insurance policies generally do not cover damage caused by floods, earthquakes, or normal wear and tear. Separate policies or endorsements may be needed for these types of coverage.

The cost, or premium, of homeowners insurance can be affected by various factors, including your home’s location, age, and condition, the amount of coverage you choose, and your claims history. Homes in areas susceptible to severe weather or with high crime rates may face higher premiums.

You might reduce your premium by raising your deductible, combining your homeowners insurance with other policies (such as auto insurance), installing security systems and keeping a good credit score.

While it’s not legally required, homeowner’s insurance is highly recommended. It protects your investment and can offer financial security in case of unexpected events.

To file a claim, contact your insurance company promptly following the incident. Supply detailed information and documentation of the damage or loss. An adjuster will then evaluate the claim and decide on the payout.