Whether you already own a home or are planning to buy one, having the right insurance is crucial to safeguard both your property and finances. For personalized assistance, contact the John L Sprague Insurance Agency in La Plata, Maryland, to explore your home insurance options.

What Is Home Insurance and What Does It?

Homeowners insurance is a policy designed to help provide financial protection against damage to your home, its contents and other structures on your property. It typically includes the following:

• Dwelling coverage—This may help protect the structure of your home from damage caused by events like fire, windstorms, hail and other covered perils.

• Other structures—This may include coverage for detached structures such as garages, sheds and fences.

• Personal property—This may help protect your belongings, such as furniture, electronics and clothing, against theft or damage.

• Liability protection—This may help provide coverage if someone is injured on your property and you are found legally responsible.

• Additional living expenses—This may help pay for temporary living costs such as hotel bills and meals if your home is uninhabitable due to a covered loss,

• Medical payments—This may help cover medical expenses for guests injured on your property, regardless of fault.
  

What Is Not Covered by Home Insurance?

While home insurance covers many risks, there are certain exclusions. Most standard policies do not cover damage caused by floods, earthquakes or regular wear and tear. High-value items like jewelry or fine art may also need extra coverage or a specialized rider. If you live in an area at risk for natural disasters like floods or earthquakes, consider purchasing separate insurance policies for those events.

How Much Does Home Insurance Cost?

Homeowners insurance costs vary depending on factors such as your home’s value, location, coverage level and personal risk. You may also get discounts for bundling policies or installing safety features like smoke detectors and security systems.

Get Home Insurance Today

Contact John L Sprague Insurance Agency today for expert guidance on home insurance options and a competitive quote.