It can be hard to figure out which policy options are most important with so many options.
The essential coverages that you need to have for your home are listed below, along with how you might find them listed on a policy.
Personal property (Personal Property), personal belongings (Personal Property), additional living expenses (Loss of Use),
injuries on your property and damage to someone else’s property (Personal Liability), and numerous other policy riders and stand-alone policies round out the coverage.
According to Robert Hunter, director of insurance at Consumer Federation of America and former Texas insurance commissioner,
“you have to look and consider if something else would make sense or not.”
Since flood insurance is not covered by homeowners insurance, it makes sense to purchase it if you live in a flood plain.
