What is homeowner’s insurance?

We’ve all heard the term “homeowners insurance”, but what does that actually mean? To put it simply, homeowners insurance is a policy that protects your home, personal property, and personal liability.

Homeowners insurance, or hazard insurance as lenders call it, is broken into two sections. Section I coverages provide protection against damage that could be sustained by your home or personal property. Think damage from a fire, burst pipe, or wind/hail. One of the biggest exposures we have in the Charleston area is the risk of a hurricane or tropical storm. Every policy I write includes coverage for wind/hail, tornadoes, tropical storms, and hurricanes.

Section I coverages are subject to your policy deductible. Every carrier structures their deductibles differently, so it is important to carefully review that information with your trusted agent.

Section II coverages provide liability protection for you and your family. If someone slips and falls on your property or is bitten by your dog, liability coverage will pay the injured party for their bodily injury.

If you want me to review your current insurance or provide a proposal for your new home purchase, reach out to me at savannah@mappusinsurance. or fill out my contact form here.