Homeowners Insurance

McKinnon Insurance > Homeowners Insurance

Get A Home Insurance Quote

Safeguard the things that matter most with a customizable home insurance policy from the Joel McKinnon, Farmers Insurance Agency.

Home insurance provides financial relief for repairing or rebuilding your home and replacing personal items after common mishaps like fires, lightning, tornadoes, or break-ins. It also covers legal expenses if you’re liable for injuries or property damage – for example, if your dog bites someone or your tree damages a neighbor’s vehicle.

What’s covered by homeowners insurance? Typically, homeowners insurance protects against damage from various hazards specified in the policy. Commonly covered events include:

  • Damage from vehicles, aircraft, or other means
  • Explosions
  • Objects falling from above
  • Fire and smoke damage
  • Lightning strikes
  • Theft
  • Vandalism and deliberate damage
  • Certain types of water damage
  • The weight of ice, snow, and sleet
  • Damage from windstorms and hail

Types of homeowners insurance: Most policies offer four primary coverages:

  1. Dwelling coverage for repair or rebuilding costs.
  2. Personal property coverage for damaged or lost belongings.
  3. Liability coverage for legal responsibility in injuries or property damage.
  4. Additional living expenses coverage for costs incurred if you need temporary accommodation during repairs.

Explore additional home insurance options that might suit your needs.

State-specific coverage requirements or recommendations: While not legally mandatory, lenders may require home insurance for mortgages. It’s also prudent for disaster recovery and legal liability protection.

How much homeowners insurance is needed? Estimate your home insurance needs by multiplying your home’s square footage by local building costs per square foot. Also, consider costs for replacing belongings, additional living expenses during repairs, and legal liability protection.

Cost of homeowners insurance: On average, an HO-3 policy costs about $1,115 annually for a $200,000-$299,000 coverage package. Prices vary based on location, home type, and coverage amount. Consult with an insurance agent for personalized options and discounts.

You can often save money by bundling home and auto insurance. For a free, no-obligation quote, fill out the form below!