HOMEOWNER'S INSURANCE

Imagine the Possibilities

Imagine the Possibilities

Homeowners insurance is an insurance policy that protects you financially in the event that your home and property is damaged in a covered peril, or in the event of a covered lawsuit.

Perils that are typically covered by a standard home insurance policy include fire, wind, lightning, hail and theft. While no one plans on losing their home or possessions to any of these perils, it unfortunately happens every day. If your home was ever destroyed in a fire, how would you pay to rebuild your home?  Homeowners insurance protects the investment you have made in your home by providing you with coverage for specific hazards.

But your home insurance doesn't stop there. In the event that someone was filing a lawsuit against you for accidental damage you caused to their property, how would you pay for the costly legal fees? Standard homeowners insurance also contains liability coverage that protects you and your family against lawsuits where another party finds you liable for damage to their property or person.
Each homeowners insurance policy offers different protection, but standard policies usually provide:
 
  • Coverage for damage to your house and any permanent structures on your property (unless the cause of the damage is specifically excluded in your policy).
  • Damage to your personal property due to causes specified in your policy.
  • Coverage for personal liability exposures that arise from being a homeowner.
  • Coverage for additional costs you might incur because of a covered loss.  For example, if you need to temporarily live elsewhere if a fire makes your home uninhabitable.

For a list of coverages provided by Edison, CLICK HERE.