Homeowners insurance is for people who own and live in their homes. Mortgage lenders almost always require homeowners insurance, since it protects both your investment and theirs. It typically includes coverage for:
- The structure of your home (walls, roof, foundation, attached structures)
- Personal belongings (furniture, appliances, electronics, clothing)
- Liability protection if someone is injured on your property
- Additional living expenses if you need temporary housing after a covered loss
Optional Coverages to Consider
Standard homeowners policies cover many risks, but there are gaps you may need to fill with add-ons or separate policies:
- Flood Insurance – Required in FEMA-designated flood zones and recommended even in moderate- or low-risk areas. Many lenders in Florida require it for a mortgage.
- Windstorm/Hurricane Coverage – Sometimes excluded in coastal regions and sold as separate policies.
- Personal Umbrella Policies – Provide extra liability protection beyond your homeowners coverage (e.g., if a guest sues you after being injured in your home).
- Scheduled Personal Property – For high-value items like jewelry, fine art, or collectibles that may exceed standard limits.
How to Decide What’s Right for You
The right policy depends on:
- Your property type (single-family home, condo, rental, vacation property)
- Location risks (hurricanes, flooding, wildfires)
- Lender requirements if you have a mortgage (e.g., some lenders require flood insurance)
- Your financial protection needs (how much risk you want to cover out of pocket)
When in doubt, talk to an insurance agent who can help you identify the coverage that fits your home and lifestyle.
Ready to Protect Your Home?
Let’s get started protecting your home today! Get your free quote at thig.com or find a local agent near you and see how Tower Hill can keep you covered.