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Insurance Facts
HOMEOWNERS INSURANCE 101
Homeowners insurance protects your home, personal property and family from damage, mishaps and other unfortunate events. A homeowners policy consists of two major components: property protection and liabilty protection.
- Property protection insures your home and property from such perils as fire, theft and vandalism (wind/hail coverage is available with certain deductibles). It also protects your personal property while you are away from home in the continental U.S. or worldwide.
- Liability protection insures you if someone is injured on your property. For example, a guest is injured in a fall and files a liability lawsuit against you.
The two ways to insure your home dwelling are:
- Replacement Cost- Insurance that pays the cost of replacing the damaged property. Limited to a maximum dollar amount.
- Actual Cash Value - Insurance that pays an amount equal to the replacement value of the damaged property minus an allowance for depreciation.
Homeowners Insurance Coverages
| Coverage | What it Protects |
| Dwelling Coverage A | Provides coverage for damages to your residence, including structures permanently attached to the home. |
| Other Structures Coverage B | Provides coverage for other structures, if any, located on the premises that are not connected to the home (such as a fence, detached garage, carport, etc.) |
| Personal Property (Contents) Coverage C | Provides coverage for loss or damage to your personal property for its actual cash value (replacement cost is available). Personal Property refers to a variety of personal items found in almost any household, such as furniture, appliances, decoratives and clothing. |
| Loss of Use Coverage D | Provides coverage for the loss of use of your home if it is damaged due to an event covered by your policy and cannot be occupied requiring you to stay in a hotel, motel or other temporary lodging while your home is being repaired. |
| Personal Liability Coverage E | Provides coverage for yourself against defense costs and liability claims if someone is injured on your property or their property is damaged as a result of your actions. |
| Medical Payment to Others Coverage F | Provides coverage for yourself to pay for necessary medical expenses for others if they are injured on your property or injured as a result of your actions. |
The information contained on this page is provided for basic understanding of insurance coverages and terminology. Please refer to your policy for specific coverages and/or exclusions.
1705 Lafayette St., Ste. D
Gretna, LA 70053
(504) 367-8555
Hours of Operation:
Monday - Friday: 9am - 5pm
