Most homeowners policies are built from the same six parts. Knowing them makes it much easier to compare quotes.
The six coverages
- A — Dwelling: the structure of your house, including attached garages.
- B — Other structures: detached garages, sheds and fences.
- C — Personal property: your belongings, such as furniture, clothes and electronics.
- D — Loss of use: extra living costs if a covered loss forces you out of your home.
- E — Personal liability: if someone is injured on your property or you accidentally damage their property.
- F — Medical payments: minor medical bills for guests injured at your home.
Common exclusions
Standard policies usually exclude flood and earthquake damage, normal wear and tear, and damage from neglect. Flood and earthquake coverage are typically purchased separately.
Replacement cost vs. actual cash value
Replacement cost pays to repair or replace items at today's prices. Actual cash value subtracts depreciation, so you get less for older items. Ask which one your quote uses for both the house and your belongings.
Extras worth asking about
- Water backup coverage
- Scheduled coverage for jewelry and valuables
- Extended replacement cost
- Umbrella liability
Have questions about your situation?A licensed agent can talk through your options in a few minutes.
Call (417) 258-9906 This guide is for general information only and is not insurance or legal advice. Coverage, requirements and availability vary by state and insurer.