Frequency Asked Questions

Homeowners insurance helps cover damage to your home, property, belongings, and other assets in your home. Additionally, homeowners insurance can provide liability coverage for accidents or injuries that occur in your home or on your property.

Homeowners insurance generally helps to cover four things:

1. Dwelling -- Dwelling coverage helps cover the structure of the home in which you live and structures attached to the home, such as decks or garages.

2. Other structures -- Most homeowners insurance policies also help cover other structures on your property (in addition to your home) such as a detached garage, tool shed, or fence.

3. Personal property -- Personal property coverage helps to protect the personal belongings inside your home. For example, supposed your furniture is damaged by a fire in your home, personal property coverage can help to repair or replace your belongings. You may also elect to have extended coverage for items such as jewelry that have values above your personal property coverage limits.

4. Liability protection -- Liability protection helps protect you against injuries or damage to someone else. For example, if someone is not living with you but gets injured on your property, bodily injury liability coverage may help pay for the other person's medical bills and your legal expenses. For additional liability protection, you may consider an umbrella policy.

It's important to read through your home insurance policy to know exactly what your homeowners insurance covers and does not cover.

In general, home insurance does not cover damage from flooding, earthquakes, termites, vermin, rodents, and wear and tear.

Unlike car insurance, homeowners insurance is NOT required by law.

However, if you have a mortgage, lenders will typically require homeowners insurance to underwrite a mortgage.

For those without a mortgage, most people consider it a must have homeowners insurance in order to protect their most valuable financial asset and for the liability coverage it provides.

In general, homeowners insurance policies are set for 12 months and renew after that timeframe.

If you have a rental property, you'll want to have landlord insurance (also called tenant insurance). Homeowners insurance is for those who own and live in the same property.

In general, homeowners insurance is not tax-deductible.

Some exceptions may exist for home-based businesses. Be sure to speak to a tax professional about your specific situation.

There are many ways to save money on your homeowners insurance. The most common are bundling your home insurance with auto coverage and selecting a higher deductible, which is the amount you'll have to pay before your insurance kicks in.

When it comes to homeowners insurance, every situation is different. The cost of the policy depends on a number of factors including the size, value, and age of your home, the coverage limits you select, and additional coverage you choose.

To tailor a home insurance policy to fit your needs, give RINO Insurance a call at 720.740.2766.

To get the right homeowners insurance for your situation, call a homeowners insurance specialist at RINO Insurance by dialing 720.740.2766.