Basic Types of Home Owner's Insurance

Your homeowners insurance is important; it protects what is probably your greatest asset. The following coverage definitions should help you understand your homeowners policy--but be sure to consult your insurance company representative to assure that you have the right coverage for your needs.

Dwelling Coverage:
The dollar amount carried to cover your home and any structures attached directly to it. Ideally, the amount of coverage you carry should equal the cost of rebuilding your home after a total loss.

Other Structures Coverage:
Covers other structures set apart from the dwelling on the residence premises, such as a detached garage. This coverage applies up to the limits provided in your policy and can be increased if necessary.

Personal Property Coverage:
This coverage provides worldwide coverage for personal property owned or used by the insured.

Liability/Coverage:
Liability coverage protects you in two ways. First, it provides for your legal defense against a liability claim--whether the claim is legitimate or not. Second, it will pay any court judgments against you up to the policy limit.

Homeowner's policies have many other optional features available to you depending on your individual needs. Please contact a Brown and Brown representative with all of your life insurance questions.