Property Insurance

Protect your home, safeguard your future.

Homeowners and renters insurance

Homeowners and renters insurance are both types of coverage designed to protect personal property, but they apply in different circumstances based on whether you own or rent the property.

Homeowners Insurance

Homeowners insurance is for people who own their homes. It covers both the property and the belongings inside, as well as liability for the home itself.

Dwelling Coverage: Protection for the structure of your home in case of damage from fire, storms, vandalism, or other disasters.
Personal Property: Covers your belongings inside the home, like furniture, electronics, and clothing, in case of damage or theft.
Liability Protection: If someone is injured on your property and sues, this coverage can help cover legal costs and damages.
Additional Living Expenses: If your home becomes uninhabitable due to a covered event (like a fire), this can pay for temporary housing and other related costs.

Renters Insurance

Renters insurance is for people who rent a home or apartment. It primarily covers your belongings and liability but does not cover the structure of the building itself (that’s the landlord’s responsibility).

Personal Property: Like homeowners insurance, it protects your belongings inside the rental property against damage or theft.
Liability Protection: It helps protect you if someone is injured while on your rental property and decides to sue.
Additional Living Expenses: If your rental is uninhabitable due to a covered loss (like fire or water damage), this helps pay for temporary living arrangements.

Condo & Mobile Home Insurance

When it comes to condo and mobile home insurance, there are key differences between the two types of coverage, but both are designed to protect your property and personal belongings from various risks like theft, fire, or severe weather.

Condo Insurance

Condo insurance, also known as HO6 insurance, typically covers:

Interior of the condo: This includes the walls, floors, ceilings, and anything inside the unit (e.g., furniture, appliances, personal belongings).
Liability protection: Covers accidents that may happen inside your condo, like if someone is injured and sues you.
Loss of use: If your condo becomes uninhabitable due to a covered event (like a fire), this covers your living expenses during repairs.
Personal property: Covers your personal belongings like electronics, clothing, or jewelry, in case they are damaged or stolen.
Building property: If the condo association’s insurance doesn’t cover everything (like fixtures or upgrades you’ve made), your policy may cover those things.

Mobile Home Insurance

Mobile home insurance (or manufactured home insurance) is similar to homeowners’ insurance but tailored for the specific needs of mobile home owners. It usually covers:

Dwelling coverage: This covers the structure of the mobile home itself in case of damage from things like fire, storms, or vandalism.
Personal property: This covers your belongings inside the mobile home, just like in condo insurance.
Liability coverage: Protects you if someone is injured on your property or if you cause damage to someone else’s property.
Additional living expenses: If your mobile home is damaged and uninhabitable, this pays for temporary housing.
Flood and earthquake coverage: Since mobile homes are more susceptible to floods or earthquakes, these are often additional coverage options.

Flood & Windstorm Coverage

Flood Insurance

Flood insurance is typically not included in standard homeowners, condo, or mobile home insurance policies. Since floods can cause extensive damage, having separate flood coverage is important for protecting your property and belongings.

What it covers:

Flood insurance generally covers damage caused by the overflow of water, such as from heavy rain, rising rivers, or coastal storm surges. It covers both structural damage to the home and personal property inside (like furniture, electronics, and clothing).

For condos, flood insurance would cover your unit’s interior and personal belongings, but not common areas or the building’s exterior, which would be covered by the condo association’s insurance if they have flood coverage.
For mobile homes, flood insurance protects the home’s structure and personal belongings, similar to a traditional home.

Windstorm Insurance

Windstorm insurance covers damage caused by high winds, including hurricanes, tornadoes, and severe storms. Like flood coverage, windstorm insurance may require a separate policy or endorsement to your existing homeowners policy.

What it covers:

Damage to the structure: If high winds damage your home, condo, or mobile home (e.g., damaged roofs, windows, walls).
Personal property: Windstorm damage to personal belongings, such as furniture or electronics, is generally covered.
Loss of use: If the home becomes uninhabitable due to wind damage, this covers temporary living expenses.
For condos: Can depend on the condo association’s master policy. If the association doesn’t cover windstorms, you’ll need separate coverage for your unit.
For mobile homes: Windstorm insurance is crucial because mobile homes are more vulnerable to wind damage due to their lightweight construction. You’ll want to ensure that your mobile home is properly covered for windstorm damage, particularly if you’re in a hurricane-prone area.

Personal Umbrella Insurance

Personal Umbrella Insurance is an extra layer of liability protection that goes beyond the coverage limits of your standard homeowners, condo, or auto insurance. It’s designed to protect you from major claims and lawsuits, helping to preserve your assets and future earnings.

What it covers:

Bodily injury: If someone is injured on your property or as a result of an incident involving your vehicle, the umbrella policy can cover medical costs, legal fees, and compensation if the damages exceed your primary insurance limits.
Property damage: If you’re responsible for causing damage to someone else’s property, your umbrella policy can help cover the cost of repairs or replacement once your primary policy’s coverage is exhausted.
Legal defense costs: If you’re sued for something covered by your umbrella policy (such as negligence), the legal costs and attorney fees are typically covered by your umbrella insurance.
Slander, libel, and defamation: Many umbrella policies cover certain types of personal injury, including slander, libel, and defamation lawsuits.
Rental properties: If you own rental properties, an umbrella policy may provide liability protection beyond what your landlord policy offers.