The biggest investment most people make in their lifetime is the purchase of a home. Homes come in all shapes and sizes: condominiums, co-ops, century old landmarks and newly built structures. Whether you own or rent, a home is a major investment, both financially and emotionally. If something disastrous should happen, you'd want insurance protection that is broad enough to help you repair or rebuild your home and replace its belongings. That is why it is important to make sure that you are properly insured to protect that sizeable asset.

Homeowner's insurance provides protection for an owner-occupied property and includes coverage for the dwelling, other structures, personal property (i.e furniture, clothing, appliances, etc), and loss of use if a covered loss occurs and you need to find temporary housing while repairs are being made to your home. This coverage can be written to include guaranteed replacement cost on both the building and contents. The property portion of this policy is subject to a deductible per loss.

A homeowners policy also provides personal liability coverage if you are sued for a negligent act, or if someone hurts themselves on your property. The liability component also extends well beyond the boundaries of your home. Should you be found legally at fault for injury or loss to another individual, whether you unfortunately caused a tumble down a flight of stairs or a fall in the garage, that is the personal liability portion of your policy that will respond.