House insurance protects homeowners against a financial loss from damages done to your property. Most house insurance policies cover fire, theft, and weather related damages. Typically, the policies include coverage for your belongings and other liabilities. As well, the premiums may vary depending on the value of your home, deductible amount and risk profile. In this discussion, we explore the different styles of house insurance and its benefits.

Comprehensive House Insurance

Comprehensive house insurance covers the dwelling and all personal belongings for specific risks. However, some risks are not included in this coverage, including uninsurable perils or events not covered, such as fire, vehicle impact, window breakage and theft. Also, it excludes optional coverages such as sewer backup, volcanic eruption, freezing, accidental tearing, nuclear hazard, water damages and earthquakes.

If you live in a mobile home or a condo, you can take out a customized policy depending on the type of dwelling. Likewise, a named peril covers only those items specified on the policy.

If you opt for a comprehensive cover, you may pay more for perils that may not require urgent coverage. On the other hand, if the named perils cover is too basic, you can settle on the broad insurance cover which includes coverages for buildings and perils or contents therein.

Nonetheless, some providers have no-frills policies for items that fail to meet basic insurance standards. Therefore, if some items may be a  hindrance, it can cause your overall insurance costs to increase. You can save money by correcting it early on  and, after that, qualify for a better coverage.

Personal Liability

Personal liability insurance is important for protecting yourself if someone is injured on your property. This insurance can cover medical expenses, legal fees, and property damage. Some providers may allow you to bump up your coverage by having optional riders. Be sure to discuss this with your insurance agent and assess available options.

Dwelling Coverage

This protection covers the house’s structure, including the roof, foundation, basement and walls. It can also cover other structures attached to your property, such as the garage. For detached structures such as an exterior garage, tool shed, gazebo and fence, you can consider taking out other structures’ coverage.

Personal Belongings Coverage

Personal belongings coverage is part of your house insurance policy. It protects your belongings if they are damaged, lost, or stolen while away from home. This can include items like jewelry, electronics, and clothing. It is important to check with your carrier to know what is covered and what is not, as there may be some limits on the value of items that are covered.

Unoccupied Property Insurance

Also known as short term house insurance, this type of coverage protects your property from damage or theft while it’s unoccupied for longer periods than your standard coverage allows. It also covers any liability claims arising from someone injured on your property.

It works the same way as short term health insurance, which provides temporary coverage in a medical emergency. Unoccupied property insurance is typically more expensive than regular homeowners insurance. Its good to compare the rates of short term insurance before buying a policy.

Additional Living Expenses Coverage

If your home is damaged or destroyed, additional living expenses insurance can help cover temporary housing costs. Typically, this type of insurance is included in homeowners insurance policies but can also be purchased as a standalone cover. Usually, it covers the cost of hotel stays, meals, and other essential expenses if you cannot live in your home due to damage.

Benefits of Having House Insurance

Fires, hurricanes, and other natural calamities may destroy your house. Therefore, a house insurance cover is essential to protect you against these eventualities. It also pays for repairs if someone damages your house and compensates you for break-ins. Furthermore, a house insurance cover protects you from lawsuits if someone is injured on your property and pays for their medical expenses.


House insurance is vital because it covers fire, theft, or weather damage to your house and belongings. Mortgage lenders need homeowners to take out a house insurance policy before approving the loan. Even if you don’t have a mortgage, you should have coverage to protect against risks. There are several types of homeowners insurance, so it’s crucial to pick the right one. Always compare prices and read the fine print before deciding on a policy you want to purchase.


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