Home — Home insurance
Separate rebuilding, contents, additional living expense, and liability, then review deductibles and exclusions.
What this coverage is
Home insurance combines the structure, contents, temporary living costs after a covered loss, and personal liability. Market value and rebuilding cost are different concepts.
Decisions that usually matter
- How the structure is valued for rebuilding
- Contents valuation and limits
- Deductibles and out-of-pocket exposure
- Liability and additional living expense limits
Terms to understand
- Dwelling
- Coverage for the structure, generally considered against rebuilding cost.
- Personal Property
- Coverage for belongings, with valuation terms and possible category sublimits.
- Loss of Use
- Additional living expense while a covered loss makes the home uninhabitable.
- Personal Liability
- The part addressing personal liability for injury or property damage to others.
Common gaps and misunderstandings
- Using purchase price as a proxy for rebuilding cost
- Assuming flood or earthquake is covered by a standard policy
- Overlooking sublimits for valuable property
When a review may be useful
- Before buying or closing on a home
- After renovations or major purchases
- When rebuilding values or deductibles change
- When coordinating liability with auto and umbrella
Related coverage
Useful next step
Review current coverage first, or continue to the comparison entry where availability is checked.