Everything you need to know about homeowners insurance coverage

The cost of homeowners insurance is rising in response to inflationary pressure, supply chain disruptions, and increased labor and material costs to build a home. In 2022, homeowners spend an average of $1,383 per year for $250,000 in dwelling coverage. In this blog post, we’ll answer all of your homeowners insurance questions and give you tips for saving on your policy.

What does homeowners insurance protect against?

Your homeowners insurance policy is divided into three coverage types to defend different parts of your property:

  1. Dwelling insurance protects your house and its individual components, such as the roof and plumbing
  2. Personal property insurance covers personal belongings that are stored in your home, such as furniture, clothes, jewelry, and electronics.

 

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