Chelsey Tucker graduated with a Bachelor of History degree from Metropolitan State University in 2019. She now writes about insurance with her specialty being life insurance and has been quoted on Help Smart Phone and MEL Magazine.

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years. He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: Mar 19, 2020

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Homeowners Insurance Policy

Having a home insurance policy that adequately covers property damage is essential to make sure that your home doesn’t lose any of its value. Most homeowners insurance policies include property damage coverage but many home owners are not aware of what is and what is not covered with their insurance.

Understanding what property damage coverage you have is important so you can be prepared when damage occurs. Read on to learn what the property damage portion of a homeowners insurance policy covers and then be sure to enter your zip code in to compare free home insurance quotes!

Home Insurance Policy Basics

When purchasing a home, you must carry a home insurance policy. This protects both you and the mortgage company from loss. You will not be able to completely go through the home purchasing process without getting homeowners insurance.

There are many different companies that offer home insurance policies including local and nationwide companies. The company you choose has a lot to do with how any claims will be covered.

There are two parts to a home insurance policy: personal liability and property damage. Personal liability covers you if someone is hurt on your property. The other part of a policy is property damage coverage. This covers your home, its contents, and any other structures on the property. Both parts of a policy will vary depending on where you live and the amounts of coverage you opt for.

Your home insurance policy is paid monthly or yearly to your insurance company or it can be worked into your monthly mortgage payment. There are many factors that affect your home owner insurance policy rates. If you control some of these factors, you can have a lower monthly policy fee making it more affordable to pick and choose the coverage you want and need.

The top ten items that affect your rates are: geography (where you live and what you live near), construction (how was your home built and what materials were used), age of the home, the history of home owners claims you have filed, the contents of your home, the value of your home, how many occupants are in your home, your deductible, and your additional living expenses limit. If you control these factors, you will be able to customize your property damage coverage more.

One of the most important determining factors is your deductible. This is the amount you pay out of pocket before the insurance company pays their part. You should choose the deductible amount based on what you can afford or what you have set aside. If you can’t pay your deductible, the insurance company won’t pay their part. Conversely, the higher your deductible is the lower your monthly premiums will be.

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What is Covered under Property Damage?

This leads us to the question of what does property damage cover under a home insurance policy? Property damage coverage will protect you from many different types of damage. First of all, it will cover damage from natural disasters and peril. This includes vandalism, theft, fire, lightening, tornadoes, wind storms, hail, smoke, and explosions.

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Typically not covered are hurricane damage, hailstorm damage, earthquake damage, flood damage, and water seepage from groundwater. These disasters can be covered by riders. A rider is something you add to your policy to increase amounts and/or types of coverage. If you live in an area prone to any of these things, you should coverage in the area needed.

Property damage coverage also covers the contents of your home. This amount may be limited on certain items such as jewelry. It is important to be able to prove what was in your home and its worth. Some people hire a company to come to their home and catalog a written record as well as a video record of what is in the home. This information is stored off site so if the home is destroyed, it can be retrieved.

When you experience any damage to your home, property, or a structure on your home such as a shed, you will need to file a claim with your insurance company as soon as possible. If the damage is extensive, you will need to get an adjuster to help you determine what should be filed. Remember to add any riders you need to your policy for the specific area you live in.

Comparing Homeowners Insurance Policies

Finding a home insurance policy can seem like an overwhelming task with so many choices available in both policies and companies. However, it doesn’t have to be overwhelming. Using an online comparison tool gives you access to rates and quotes from several different companies all in one spot. You can compare what each company offers and go with the one that works best for your home. Start by entering your zip code and you will receive a variety of quotes today!