Home Insurance

As your largest investment, it's important to make sure your home has the proper insurance coverage. We'll help you protect your home and everything in it with the coverages you need at a price that fits your budget. 

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What is Home Insurance?

Home insurance, also commonly called hazard insurance or homeowner's insurance (and often abbreviated in the US real estate industry as HO), is a type of property insurance that covers a private residence. 

It is an insurance policy that combines various personal insurance protections, which can include losses occurring to one's home, its personal property, loss of use (additional living expenses), or loss of other personal possessions of the homeowner, as well as liability insurance for accidents that may happen at the home or at the hands of the homeowner.

Typical Home Insurance Coverages

Section I — Property Coverages

• Coverage A – Dwelling
  Covers the value of the dwelling itself (NOT including the land and NOT market value). Most policies also offer an "extended replacement cost" that gives an additional 25%-100% in coverage of the dwelling limit. This is in place to give a buffer against inflation. HO-4 (renter's insurance) typically has no structure coverage, but provides coverage for the tenants personal property.
• Coverage B – Other Structures
  Provides coverage for things not physically attached to the structure- i.e. fence, driveway, retaining wall, etc. Typically limited at 10% to 20% of the Coverage A, with additional amounts available by endorsement.
• Coverage C – Personal Property
  Covers personal property, which would typically be anything you would "move" into the home. Typically 50 to 70% of coverage A is automatically given under the policy, with additional amounts available by endorsement.
• Coverage D – Loss of Use/Additional Living Expenses
  If your home suffers a covered loss- i.e., fire, tornado damage, water damage, etc. and you and your family can't stay in the home,  Loss of Use provides coverage for the additional expenses you incur. This would also provide coverage for loss of rental income, if the residence was rented.
• Additional Coverages
  Any standard policy will provide coverage for a variety of expenses such as debris removal, reasonable repairs, fire department changes, removal of property, credit card / identity theft charges, loss assessment, collapse, landlord's furnishing, and some building additions. These vary depending upon the form.
• Exclusions
  In all standard policies, there are exclusions listed. Two major exclusions that every homeowner should be aware of, are coverage for flood and earthquake. These coverages are available by endorsement and/or by a purchasing a separate policy.
• Floods
  Flood damage is excluded under standard homeowners and renters insurance policies. "Flooding" can hit in a variety of ways- maybe its water from a rising creek, lake or river but could also be that your neighbor's above ground pool gets damaged in a storm and all the water comes rushing into your home.  

Section II — Liability Coverages

• Coverage E – Personal Liability
  Covers damages which the insured is legally liable for and provides legal defense at the carrier's expense. About a third of the losses for this coverage are from dog bites.
  
  Contact us to learn more about the right homeowners insurance for you.

Call or Text: (615) 240-7300
14625 Lebanon Rd
Suite D
Old Hickory, TN 37138​
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