3 Frequently Asked Questions about Homeowners Insurance

Every homeowner, new and seasoned, typically has questions about homeowners insurance and the intricacies of their policies. The best way to answer specific questions is to talk to your independent agent, but in the meantime, we’ve answered the top five most frequently asked questions for your perusal.

1. What types of coverage are included in homeowners insurance?

   Basic policies will include both property and liability coverage, which respectively cover your property—home structure and possessions—and any legal or medical expenses resulting from bodily injury or property damage of a third party that occur on your property or because of your actions. Your coverage limits will depend on your unique policy.
   
   

2. Will homeowners insurance cover damages that occur outside of the home?

   This depends on your policy. Many basic policies will cover your property in any location, even if you travel internationally with it; but that’s not the case with all insurance carriers. Check on the details of your policy by asking your agent to review the “fine print” with you.
   
   

3. Am I required to buy homeowners insurance?

   In many cases, yes. Your mortgage lender and/or homeowners association may require you to purchase coverage. There are some cases in which you are not required to own it, but it’s highly recommended since damages can become a huge expense. Similarly, if you’re building a home, ask you agent about course of construction insurance.

Get the protection you need. Call us at (716) 892-5154 for more information on Buffalo NY home insurance.