Homeowners Insurance

A well-written homeowner’s policy will pay to replace any of your personal property that is destroyed in a fire or other disaster. The policy will also be your first line of defense against a lawsuit from someone injured in your home.

The cost of this coverage is determined by many factors. The quality of the coverage, however, is determined by the quality of the insurer and whether the policy is written on a named perils or all-risk basis. A named-perils policy covers only those losses specifically cited in the contract. The all-risk policy works the opposite way – unless a peril is specifically included, coverage is provided. The all-risk policy is broader, and the burden of proof is on the carrier, not you, in the event of a loss.