Robert Nichols Insurance Group, Inc.
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  • Home
  • Quotes
    • Quick Quote
    • Auto Quote
    • Homeowner Quote
    • Life Quote
    • Business Quote
    • Health Quote
    • Boatowner Quote
    • Umbrella Quote
    • Condo Quote
    • Flood Quote
    • Renters Quote
    • Motorcycle Quote
    • Disability Quote
  • Service
    • Report a Claim
    • Make a Payment
    • Update Contact Info
    • Policy Change
    • Proof of Insurance
    • Contact My Carrier
    • Online Documents
    • Free Consultation
  • Products
    • Auto Insurance >
      • Roadside Assistance
      • Classic Car Insurance
      • RV Insurance
      • ATV Insurance
    • Life Insurance >
      • Final Expense Insurance
    • Health Insurance >
      • Dental Insurance
      • Vision Insurance
      • Medicare Supplement Coverage
      • Critical Illness Insurance
      • Long Term Care Insurance
    • Business Insurance >
      • Workers Compensation
      • Event Insurance
      • Business Owners Package (BOP) Insurance
    • Property Insurance >
      • Home Insurance
      • Condo Insurance
      • Renters Insurance
      • Flood Insurance
      • Landlords Insurance
    • Annuities
    • Motorcycle Insurance
    • Boat Insurance
    • Umbrella Insurance
    • Disability Insurance
    • Pet Health Insurance
    • Aviation Insurance
    • Travel Insurance
  • Blog
  • About
    • Agency Staff
    • Insurance Carriers
    • Client Testimonials
    • Accessibility Statement
    • Refer a Friend
    • Helpful Links
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What is Home Insurance?

​Home insurance, otherwise known as hazard insurance or homeowner’s insurance, is a property insurance that covers one’s residence. In the U.S. real estate industry, it is usually abbreviated as HO1. This type of insurance has a wide coverage including loss of personal properties from theft and liabilities from accidents occurring within the vicinity of the policyholder’s home.

What is in a Home Insurance Coverage?

Section I — Property Coverage

​Coverage A – Dwelling
  • This insures the property, excluding the land. As long as 80 percent of the home’s actual value is insured, losses are adjusted and covered at a certain rate that is stated within the limitations of the policy to buffer against inflation. While renter’s insurance (HO-4) doesn’t have Coverage A, tenants can purchase additional policies that best suit their needs.
Coverage B – Other Structures
  • This insures the structures within the property, apart from the private garage, that aren’t used for business purposes. Coverage B is only limited at 10 to 20 percent of the insured value of Coverage A; but it could be adjusted through endorsement.
Coverage C – Personal Property
  • This insures personal properties, but with limited coverage for the loss of certain items like banknotes, medals, coins, and so etc. About 50 to 70 percent of Coverage A is needed for contents; thus policyholders may have to pay for more insurance than necessary.
 Coverage D – Loss of Use/Additional Living Expenses
  • This insures expenses related to additional living expenses and fair rental value of rented items.  However, only the rental income for the rented space is covered.
Additional Coverage
  • This insures various additional expenses like necessary repairs, debris removal, identity theft charges, and the like. The coverage often varies depending on what you want to be protected from.
Exclusions
  • The exclusions to an open perils policy are stated in this section. Among them are earthquakes, power failure, neglect, wars, intentional loss, concurrent causation and more.
 Flood Coverage
  • This coverage is not part of a standard homeowners and renters insurance. it is available as a separate policy that can be bought from your preferred insurer or the National Flood Insurance Program (NFIP).

Section II — Liability Coverage

Coverage E – Personal Liability
  • This insures the liabilities the policyholder is accountable for that have occurred within the premises of his/her home. The most common incident covered in this coverage is that of dog bites.
Contact us to learn more about the right homeowners insurance for you,

Contact Us About Home Insurance:

(561) 406-6153
1557 Park Ln S Ste 102
Jupiter, FL 33458
 Click Here to Email Us
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Robert Nichols Insurance Group
1557 Park Ln S Ste 102
Jupiter, FL 33458
(561) 406-6153
Click Here to Email Us
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Jupiter, FL Location

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