Homeowner's Insurance

What is Homeowners Insurance?

• Protects you against financial loss

• Covers your property and damage

• Provides income for when a worker is not able to perform

• Contract between you and your insurance company

What does homeowners insurance cover?

• Personal belongings

• Property damage

• Liability

• All of the above

How many different options of homeowners insurance are there?

• 7

• 8

• 9

• 10

What does personal property coverage in homeowners insurance include?

• Belongings inside the house

• Additional living expenses

• Structure of the home

• Liability claims

Average annual cost of homeowners insurance in Virginia is approximately...

• $4,565

• $3,900

• $2,848

• $1,277

Why is home insurance important for homeowners?

• To comply with legal requirements

• Protect personal belongings

• Protect against damage from disasters

• All of the above

What is the purpose of liability coverage in home insurance?

• To protect homeowner's personal belongings

• To cover damage to the physical structure of the house

• Provide financial protection in case of accidents or injuries on the property

• To reimburse homeowners for additional living expenses

Which of the following is NOT typically covered by a standard homeowners insurance policy?

• Earthquake damage

• Theft of personal property

• Fire damage

• Liability for injuries on the property