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Homeowners Insurance in Pittsburgh, Pennsylvania

Whether you’ve already owned a home or are looking to buy one for the first time, it’s essential to understand the importance of homeowners insurance. Homeowners insurance is one of the best ways to protect you financially from the unexpected.

What Is Homeowners Insurance?

Homeowners insurance can help protect your home, property, personal belongings and additional assets. A homeowner owners policy may also cover accidents or injuries that occur on your property, as well as injuries and property damage you may unintentionally cause to others away from your property. A homeowners insurance policy typically includes the following four types of coverages:

  1. Dwelling coverage
  2. Personal belongings coverage
  3. Liability coverage
  4. Additional living expenses coverage

How Does Homeowners Insurance Work?

If you have homeowners insurance and a covered incident occurs, you may be able to file a claim with your insurance provider. If the claim is approved, you could receive payments for the covered losses, minus any applicable home insurance deductible and up to your policy’s coverage limit.

Most Common Homeowners Insurance Claims

According to the Insurance Information Institute, the most common types of homeowners insurance claims are due to the following:

  • Wind and hail damage
  • Fire and lightning
  • Water damage and freezing
  • Bodily injury and property damage
  • Theft

Is Homeowners Insurance Required?

Homeowners insurance is not legally mandated, but your mortgage lender may require it. Mortgage lenders typically require you to have a homeowners insurance policy in place to help protect their financial interest in your home. Even when your mortgage is paid off, you should consider keeping coverage to help cover your most valuable assets.

How to Get Homeowners Insurance

If you need a homeowners insurance policy or want to evaluate whether the coverage you have is adequate, we’re here to help. Give Neofes Insurance Group LLC a call today to get started or request your free quote now.

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