What Is Home Insurance?

Home insurance, also known as homeowners insurance, provides coverage for your house and belongings. It safeguards your assets in case of damage to your property or liability for injuries or property damage to others. Let’s dive into the details:

Dwelling Coverage (Home Insurance)

• Dwelling coverage pays for repairs or rebuilding your house due to covered perils like fire, severe weather, falling trees, and ice dams. For example, if your roof caves in from heavy snow, this coverage helps repair interior components like walls and kitchen cabinets.

Loss of Use

• If your home becomes uninhabitable due to a covered loss, additional living expenses (part of loss of use coverage) cover costs above your usual spending. For instance, if a fire damages your kitchen, you may be reimbursed for hotel stays and meals1.

Liability

• Personal liability coverage protects your assets if you’re responsible for someone else’s injuries or property damage. It’s crucial to safeguard against lawsuits and unexpected accidents.

Ways to Save on Home Insurance

1. Bundle Auto and Home: Combine Progressive home and auto insurance to save an average of 7% on car insurance.
2. Quote in Advance: Get a quote before your policy starts to plan and save.
3. Alarm Systems and Safety Devices: Discounts may apply if you have burglar alarms, fire sprinklers, or a monitored security system.
4. New Purchase: Buying a new home (even if not newly built) can qualify you for discounts.

For personalized coverage, explore Progressive’s Homeowners Insurance or check out other providers like GEICO and The Zebra. Remember to consult with an insurance professional to find the best fit for your needs!