What Homeowners Insurance Covers

Siri Insurance Services offers a variety of discounts to help lower your insurance rates and put money back in your pocket

Multi-policy discount: Save up to 20 percent when you have both home and auto insurance through same company.
Protective device discount: Save up to 4 percent if you have one or more approved and properly maintained devices, such as a burglar alarm, fire alarm, smoke detector, deadbolt, and/or fire extinguisher.
Mature homeowners discount: Save up to 12 percent when at least one named insured is 50 years of age or older.
Single-story discount: Save up to 10 percent.
New home discount: Save from 3.8 to 38.1 percent depending on the year your home was built.
Roof type discount: Save up to 15 percent.

Homeowners Insurance covers multiple things.

Dwellings and other structures. For most of us, our home is the single largest investment we will make. Homeowners insurance provides coverage for damage to your home and other structures on your property such as a shed or detached garage. For townhouse owners, your townhouse and separate structures are covered for many types of damage except for some exclusions, such as wear and tear, earth movement, flood, nuclear hazard and earthquake.
Dwelling Improvements, Alterations, and AdditionsCondominium owners are covered for accidental damage to improvements you make in your unit for which your association’s policy does not provide coverage, subject to your condo insurance policy limits.
Loss assessmentCondominium owners will also receive up to $1,500 for assessments arising from covered damage. This can be used to pay for your share of property damage or injury awards for which your association’s policy does not provide coverage. Typically, up to $50,000 is available, but this may vary depending on your policy.
Personal PropertyHomeowners, condominium, or renters insurance also provides coverage for your household contents and personal belongings. You may think your couch, coffee table, sweaters, shoes, coats, TV, VCR and CD player aren’t worth a lot, but those items all add up when you have to replace them.
Personal LiabilityFinally, in the event someone is injured or you damage property that belongs to others, you could be held legally liable for the injury or damage. A homeowner, condominium or renter policy provides liability coverage* should this ever occur, subject to some exclusions.