Three Types of Home Insurance Policies

When getting a home insurance quote, it’s easy to get confused by the variety of different policies and options available. As a general rule, there are three main types of insurance for the home that are applicable for most home owners. They are:

• Dwelling coverage: This provides coverage for you to repair or rebuild your home in case of a covered accident or other incident.
• Personal property coverage: This gives you additional coverage in case the contents of your home are stolen or damaged in an accident. Having proof of items and value is usually required for this coverage.
• Liability coverage: In case a person is injured while on your property (or injured by a family pet such as a dog), this coverage gives you liability protection against lawsuits and other personal claims.

Depending on your needs, cheap home insurance might not be the best, especially if you require additional protections. Make sure to review all policies closely before deciding on the one that’s right for you.