In this guide
Homeowners insurance is one of those policies most people own and very few people actually read. The good news: the structure is consistent across carriers, and understanding the basics goes a long way when you’re comparing quotes or asking questions about your renewal.
Quick takeaway
What homeowners covers (at a high level)
Most policies are organized into a few familiar parts: the home itself, separate structures on the property (sheds, fences), personal belongings, liability for things that happen on your property, and the extra costs of living somewhere else while the home is being repaired after a covered loss.
Core coverages
- Dwelling (Coverage A) — the structure of your home.
- Other Structures (Coverage B) — detached structures.
- Personal Property (Coverage C) — your belongings.
- Loss of Use (Coverage D) — additional living expenses after a covered loss.
- Personal Liability (Coverage E) — bodily injury or property damage you become legally responsible for.
- Medical Payments (Coverage F) — limited medical expenses for guests, regardless of fault.
Deductibles
The deductible is what you pay out of pocket before the policy responds. Many policies have a flat deductible for most losses and a separate hurricane / windstorm deductible in wind‑exposed states. Choosing a higher deductible can lower premium, but make sure it’s an amount you could comfortably handle.
Roof age & condition
Roof is the #1 underwriting question
Wind mitigation
In wind‑exposed states, a wind mitigation inspection documents the features that may reduce wind damage. Carriers may apply credits based on the results.
4‑point inspections
For older homes, carriers often want a 4‑point inspection covering the roof, electrical, plumbing, and HVAC systems. It helps the carrier assess condition and eligibility.
Flood is different
Standard homeowners policies generally exclude flood. See our flood insurance basics for a walk‑through of how it works.
Comparing renewals or shopping a new home?
Tell us a little about the property and we’ll request quotes that fit.
Homeowners quote checklist
What to gather
- Property address and year built
- Square footage and construction type
- Roof age and material
- Recent updates: electrical, plumbing, HVAC
- Wind mitigation or 4‑point inspection reports (if available)
- Prior insurance and claims history
- Security features and protective devices
- Any home business activity or short‑term rental use
Frequently asked questions
What is replacement cost vs. actual cash value?+
Replacement cost generally pays to replace damaged property with similar new items. Actual cash value (ACV) factors in depreciation. Coverage and definitions vary by policy.
Do I need flood insurance too?+
Most homeowners policies exclude flood. A separate flood policy is often needed, especially in higher‑risk zones.
Why does roof age matter?+
Many carriers limit eligibility or coverage type based on roof age and condition. Newer roofs and certain materials may improve options.
What is a wind mitigation inspection?+
An inspection of features that reduce wind damage — roof shape, roof‑to‑wall attachments, opening protection, etc. It can affect rating in wind‑exposed states.
What is a 4‑point inspection?+
An inspection of the home’s four major systems — roof, electrical, plumbing, and HVAC — often required on older homes.
Does homeowners cover my home business?+
Usually only minimally, if at all. A separate business policy is typically needed.
Next step
Need help choosing the right coverage path?
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OpenThis article is for general educational purposes only and does not constitute legal, financial, or insurance advice. Coverage options, eligibility, limits, pricing, and availability may vary by carrier, state, underwriting, and policy terms. Submitting a quote request does not bind coverage. Coverage is not effective unless confirmed in writing by the agency or insurance carrier.