Bean Group/ Stratham
Bean Group/ Stratham
Martha McAuliffe, Bean Group/ StrathamPhone: (603) 828-7174
Email: [email protected]

A beginners guide to homeowners insurance coverages

by Martha McAuliffe 03/15/2023

Homeowners insurance featured image with picture of homeowners insurance document

For many, homeowners insurance is a necessity. It offers financial protection for your home, and understanding coverages can help you pick a policy best fitting your needs. 

What's not covered by my insurance?

It’s essential to note, homeowners insurance doesn’t cover every peril that can potentially harm the structure of your property. For example, most policies don’t cover termite damages, as this is seen as something preventable by the homeowner with proper maintenance.  Some perils such as earthquakes and floods need to be covered under separate policies. 

What is covered by homeowners insurance?

Homeowners insurance typically offers liability coverage, dwelling coverage and coverage to personal property. 

Homeowners insurance offers financial protection against these standard perils: 

  • Theft.
  • Fire.
  • Hail. 
  • Wind damage.
  • Ice damage.
  • Damages from public commotion.
  • Etc.

Is homeowners insurance necessary?

Homeowners insurance isn’t a requirement - however, accidents frequently happen nationwide, and by purchasing a homeowners insurance policy, you add an extra level of security over your assets. 

For example, a kitchen may be damaged by a fire. Home insurance would kick in after the deductible is paid to help pay for repair costs. In addition to paying for repairs, the policy type may also cover moving the policyholder and their household into temporary lodging as the structure of the home is being restored.

Consider examining the needs of your home and speak with a local insurance representative to  understand what your coverage options are. They can help you choose a policy offering the best benefits for your home and belongings. 



About the Author
Author

Martha McAuliffe

 Celebrating over 18 years experience working with Sellers and Buyers in Seacoast NH & York County, ME 

"I believe being a REALTOR is about more than just selling homes ... it's about people, families and their goals & dreams. It's about a relationship based on trust, knowledge and expertise as well as personalized service and the highest attention to detail. My business philosophy is to provide nothing less than Truly Exceptional Service. My clients know that I'll always go that extra mile to make their buying/selling experience as pleasurable and profitable as possible." - Martha McAuliffe