Home Insurance FAQs

Base dwelling coverage on the cost to rebuild your home, not its market value or purchase price. A local rebuild estimate or your agent can help you set the right amount.

Standard policies typically exclude floods, earthquakes, routine wear and tear, pest damage, and maintenance issues. Some risks can be added by endorsement or a separate policy.

A roof damaged by a covered peril like a storm may be covered, but payment depends on whether your policy pays replacement cost or actual cash value, and the roof's age.

You pay the deductible before the insurer pays the rest of a covered claim. Some policies have a separate, percentage-based deductible for wind or hurricane losses.

A condo policy covers your unit's interior, belongings, and liability, while the condo association's master policy covers the building and common areas. Read the master policy to see where your coverage should start.