Home insurance and homeowners insurance are two separate coverage options for your home. While these coverage options are similar, the only difference separating these coverage options is homeowners insurance covers more than the structure of your home. If you’re looking for home insurance in Mesa, AZ, the Precision Insurance Team can help.
What Is Included In a Standard Home Insurance Policy?
A standard home insurance policy in Mesa, AZ includes different coverage options. These different standard coverage options include:
Home Structure and Property
Home insurance gives you financial protection for your home’s structure as well as any property in the home in the instant a covered event occurs.
Additional Living Expenses
Home insurance also covers your additional living expenses that incur while you’re making repairs. These additional expenses can include lodging and dining.
A standard home insurance policy has liability protection. If someone is injured while on your property, or you are held accountable for damaging someone’s property, your liability policy will help cover the expenses.
What Are the Different Types of Home Insurance Policies?
There are different types of home insurance. If you have a different type of home loan, you will most likely have an HO-3 policy, which is the most common type of Mesa AZ home insurance. HO-3 policies often include:
- Housing coverage
- Covering other structures
- Personal property coverage
- Medical payments
- Additional living expenses
Each type of home insurance policy covers different risks, such as water damage, fire, and theft.
How does homeowners insurance work?
The home insurance journey can be broken down into different steps, each with its own set of considerations. Understanding each step can help you understand how your policy works.
Here at the Precision Insurance Team, we are ready to help you choose a home insurance policy that fits your needs. Contact us today to learn about our insurance services and how we can help you.