What does homeowners insurance cover?

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Homeowners insurance offers protection for your home, property and personal belongings in the event of a disaster or accident. It can also provide extra coverage for assets in your home or the cost of staying elsewhere during repairs. Read below to see how our homeowners insurance can help you.

Learn About Homeowners Insurance Coverage

Homeowners insurance coverage is an important responsibility of owning a home, as it adds a layer of financial protection for what may be you and your family's biggest investment. There are different kinds of homeowners insurance policies, so it's important to understand what homeowners insurance is and how a homeowners policy actually works.

What determines the cost of your homeowners insurance?

The most important factors are the location of your house and the cost of rebuilding it should an emergency occur. Other items like credit history, whether or not you're bundling insurance, and more can also change the price of your homeowners policy.

Why do you need homeowners insurance coverage?

For one thing, it protects consumers' homes and personal property in the event of a loss. You also probably can't buy a house without it. (Most mortgage holders require you to have it.) But honestly—why wouldn't you want homeowners insurance? Your home is one of your largest investments. Makes sense to protect it, doesn't it?

When you're looking for homeowners insurance, apply the Goldilocks principle—you're looking for a policy that's just right. (A cozy townhouse needs different coverage than a sprawling country estate.) The GEICO Insurance Agency makes available a wide range of coverage options. Find out what's best for you with a free online home insurance quote, or call (800) 841-2964 to discuss your options with one of our licensed insurance agents.

How does homeowners insurance work?

Fire, theft, accidents. . . these are the kinds of threats that might cause you to lose sleep, if you didn't have the protection of homeowners insurance coverage. Fortunately, a homeowners policy will cover damage to your home and personal property due to a variety of causes (called "named perils" in insurance lingo). The personal liability portion of a homeowners policy provides coverage, for example if your litigious brother-in-law slips down your steps on a rainy day and injures himself.

What does homeowners insurance cover?

Each homeowners insurance policy offers different protection, but standard policies usually provide:

  • Dwelling coverage for damage to your house and certain attached structures on your property (unless the cause of the damage is specifically excluded in your policy).
  • Damage to your personal property due to causes specified in your policy. (Yep, it's those "named perils" again!)
  • Limited coverage—usually $500 - $2,000—for jewelry stolen from your home. (Most policies don't cover lost jewelry.) If you need greater coverage for your prized collection, you might need a homeowners policy endorsement.
  • Coverage for personal liability exposures that arise from being a homeowner.
  • Coverage for additional costs you might incur because of a covered loss (for example, if you need to temporarily live elsewhere if a fire makes your home uninhabitable).

What does hazard insurance include?

Folded under homeowners insurance, hazard insurance covers damage caused by fires, rainstorms, lightning, hail, snow and other natural disasters.

What does homeowners insurance not cover?

General wear-and-tear is not usually covered by homeowners' insurance. Damage from mold, rust, rot or pests on the property is also not covered.

Have more questions? Call (800) 841-2964 to speak to an agent.

What kind of homeowners insurance should I choose?

That's a lot like asking, "Which house should I buy?" It all depends on your personal circumstances.

Do you live in a single-family home?

You probably need a standard homeowners insurance policy. And, lucky you! You can start a quote right here.

Do you live in a condo or co-op?

You need a different type of policy. Visit GEICO's Condo and Co-op section to get more information and start a quote.

Do you own a home and rent it to others?

You'll need special coverage—either a dwelling fire policy or a commercial property policy. Visit GEICO's Landlord Insurance section to get more information.

Go with GEICO and you could save on homeowners insurance.

Thought GEICO only offered auto insurance? Think again! The GEICO Insurance Agency can help you make the best choice for homeowners insurance. You will enjoy:

  • Top-quality coverage at an affordable rate
  • Access to a team of licensed insurance agents, available to answer your questions and assist with your policy
  • Prompt and professional customer service

Already have homeowners insurance? It's time you did a little comparison shopping. Get a free online homeowners quote and see how much you could save on homeowners insurance.

Homeowners coverages are written through non-affiliated insurance companies and are secured through the GEICO Insurance Agency, Inc.

Please note:

The above is meant as general information and as general policy descriptions to help you understand the different types of coverages. These descriptions do not refer to any specific contract of insurance and they do not modify any definitions, exclusions or any other provision expressly stated in any contracts of insurance. We encourage you to speak to your insurance representative and to read your policy contract to fully understand your coverages.