Home Insurance

Your home is your largest investment, which makes having the proper insurance coverage essential. Let us help you protect your home and everything in it for the lowest possible price!

What is Home Insurance?

Home insurance, also commonly called hazard insurance or homeowner's insurance (and often abbreviated in the US real estate industry as HO1), is a type of property insurance that covers a private residence. 

It is an insurance policy that combines various personal insurance protections, which can include losses occurring to one's home, its contents, loss of use (additional living expenses), or loss of other personal possessions of the homeowner, as well as liability insurance for accidents that may happen at the home or at the hands of the homeowner within the policy territory.

Typical home insurance coverage options

Section I — Property Coverages
  • Coverage A – Dwelling
    This option covers the value of the dwelling itself (not including the land). Typically, a coinsurance clause states that as long as the dwelling is insured to 80% of actual value, losses will be adjusted at replacement cost, up to the policy limits. This provides a buffer against inflation. HO-4 (renter's insurance) typically has no Coverage A but has additional coverages for improvements.
  • Coverage B – Other Structures
    This option covers other structures on the property not used for business, except as a private garage. This Policy is typically limited at 10%-20% of the Coverage A policy, with additional amounts available by endorsement.
  • Coverage C – Personal Property
    This option covers personal property, with limits for the theft and loss of particular classes of items (e.g., $200 for money, banknotes, bullion, coins, medals, etc.). This Policy is typically limited at 50% to 70% of the Coverage A policy, which means consumers may pay for much more insurance than necessary, which has led to some calls for different options.
  • Coverage D – Loss of Use/Additional Living Expenses
    This option covers expenses associated with additional living expenses (e.g., rental expenses) and fair rental value if part of the residence was rented. This, however, covers only the rental income for the actual rent of the space. Services such as utilities are not provided.
  • Additional Coverages
    This option covers a variety of expenses, including debris removal, reasonable repairs, damage to trees and shrubs (excluding the most common causes of wind and ice), fire department changes, removal of property, credit card/identity theft charges, loss assessment, collapse, landlord's furnishing, and some building additions. These vary depending upon the form.
  • Exclusions
    In an open perils policy, specific exclusions will be stated in this section. These generally include earth movement, water damage, power failure, neglect, war, nuclear hazard, septic tank back-up expenses, intentional loss, and concurrent causation (for HO3). The concurrent causation exclusion excludes losses where both a covered and an excluded loss occur. In addition, the exclusion for building ordinance can mean that increased expenses due to local ordinances may not be covered. A 2013 survey of Americans found that 41% believed mold was covered, although it is typically not covered if the water damage occurs over a period of time, such as through a leaky pipe.
  • Floods
    Flood damage is typically excluded under standard homeowners and renters’ insurance policies. Coverage, however, is available in the form of a separate policy both from the National Flood Insurance Program (NFIP) and from a few private insurers.
Section II — Liability Coverages
  • Coverage E – Personal Liability
    This option covers damages where the insured is legally liable for and provides a legal defense at the insurer's own expense. Approximately one-third of the losses for this coverage are from dog bites.

    Contact us to learn more about the right homeowner’s insurance for you.
(630) 550-0150
​201 E Army Trail Rd. Ste 210
Bloomingdale, IL 60108
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