Purchasing a home can be one of your most significant investments, and it's essential to consider home insurance. That's why approximately 95% of homeowners in the United States have a home insurance policy, according to recent data. That said, before buying your favorite furniture and electronics for your new home, you may want to know the home insurance that can cater to your needs. This guide equips you with vital insights such as:

Finding Reliable Home Insurance According to Your Needs

Before you contact an insurance company, it's crucial to get prepared. This will allow you to choose the right home insurance. You may want to make an inventory list and include vital data such as replacement costs, purchase costs, and serial numbers. 

It would be reasonable to work with an independent agent as it allows you to shop from different agencies and compare prices. Insurers may consider several factors before they can provide you with an insurance policy, including:

  • Homeowner's credit history

  • The crime situation in your neighborhood

  • Your home's size

  • Potential natural disasters within your residence

Home Insurance Cost

2021 statistics show homeowners may spend approximately $100 monthly for home insurance. However, the price can change depending on your credit score, the coverage of your purchase, and your home's location. Other factors may include:

  • Limits and coverages

  • High-risk possessions such as trampolines and pools

  • Your home's distance to a fire hydrant

  • Your homes condition and age

Most policies may cover various potential home damage, including fire, explosion, hail, water damage, theft, smoke, and vandalism, among others. Apart from this, the policy may also cover other things such as:

  • Medical costs when someone suffers injuries while on your property

  • Personal liability

  • Damaged, stolen, or lost personal property

  • Structure damage

However, note that some policies may not cater to some disasters. For example, here are several home hazards that an insurance policy may not cover:

  • War damage

  • Sinkholes

  • Nuclear hazards

  • Fungus and mold

  • Intentional losses

  • Flooding

  • Earthquakes

Before choosing a home insurance policy, don't forget to read it thoroughly and understand everything. For example, some policies may cover your home's damage due to pipe leaks but may not cover flooding. Others may also cover particular natural disasters like hurricanes and earthquakes. If your area is likely to experience such disasters, you may want a comprehensive policy.


Home insurance is a critical investment that you shouldn't overlook. If you don't have one yet, do not hesitate to contact a homeowners insurance agency for recommendations on the best options for your home.