Home » What Does Home Insurance Cover?
February 22, 2023

What Does Home Insurance Cover?

Home insurance, or homeowners insurance, is among the most essential policies. As a homeowner, coverage can protect you from unforeseen accidents by limiting out-of-pocket costs, such as repair expenses related to fires or weather damage. Selecting a policy may be challenging, and Amador Insurance is here to help guide you through the process. 

What Does Home Insurance Cover? 

Coverage varies among homeowners. Most policyholders tend to include the following coverage options in their policies: 

  • Coverage for the home’s structure can help with damage or repair costs following an accident, such as weather damage or a disaster listed in your policy. 

  • Coverage for personal belongings can help insure you against expenses if your belongings, such as furniture or jewelry, are stolen or damaged in a home-related incident. 

  • Liability protection can help cover accidents such as bodily injuries or property damage caused by the policyholder. 

  • Additional living expenses can help cover temporary living arrangements if your home becomes uninhabitable due to an insured accident. 

The HO-3 policy tends to be the most popular policy among homeowners. A standard HO-3 policy tends to insure you against perils such as: 

  • Explosions 

  • Windstorms 

  • Hail 

  • Theft 

  • Fires 

The Amador Insurance agents can help you learn more about policies to choose from and how to customize your homeowners insurance policy. a car parked in front of a house

What Are the Levels of Coverage? 

Homeowners insurance can often be purchased as three different policies: 

  • Actual cash value pays to replace your home following an accident but deducts depreciation from the reimbursement. 

  • Replacement cost pays to replace your home following an accident and does not factor in depreciation. 

  • Guaranteed replacement cost offers the most significant financial protection, paying you the exact amount needed to rebuild your home. 

Contact our agency to learn more about the levels of coverage for homeowners insurance. 

Do I Need Home Insurance? 

Homeowners insurance is generally not required. However, your mortgage lender may require you to carry coverage if you lease your home. Regardless, having a policy can be an excellent form of financial protection. Covering costs following a home-related accident may be challenging without sufficient insurance. 

Learn More 

If you are a homeowner near Dallas, Texas, the agents at Amador Insurance can assist you in learning more about home insurance coverage options so you can decide on the right policy for you and your home. 

Call our agency today at 214-942-7979. 


This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information. 

Leave a Reply

Your email address will not be published. Required fields are marked *

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

©2024. All rights reserved. | Powered by Zywave Websites