Understanding Homeowners Insurance

What does it cover?

By Janice Kophen

Homeowners insurance is the most essential insurance to secure when you purchase a home.

Complete homeowners policies are usually made up of a few types of coverage. Together, these coverage types can benefit you in a variety of situations – from pipes bursting and wind damage to fires and break-ins. They help you pay for repairs and replacements to your home’s structure and contents and they can assist with the payment of legal fees if, for instance, your dog bites a visitor or someone trips down your stairs — with even more coverage if you opt to add a personal umbrella to your policy.

There are varying types of homeowners insurance, all offering different kinds of coverage. Below is a non-exhaustive list of available coverages, depending on your policy:

  • Dwelling
  • Other structures
  • Personal property
  • Liability
  • Additional living expenses
  • Guest medical
  • Umbrella (excess liability by endorsement or separate policy)

It is important to remember that flood insurance, one of the most frequently reported (and one of the most costly) claim types, is often not included in a standard homeowners policy. If your home is at risk of a flood, talk with your agent about adding this coverage. If the worst happens, you’ll be glad you did.

If you have questions about your homeowners policy, our personal insurance team is ready to help. We’re committed to ensuring that our clients know exactly what they’re covered for so they can make the most informed decisions possible.


Janice Kophen is vice president, personal insurance operations at OneGroup. She can be reached at 315-558-6777 or [email protected].

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