Why You Need Homeowners Insurance
Most mortgage lenders require homeowners insurance as a condition of your loan. But even if your home is paid off, replacing a home out-of-pocket is nearly impossible for most families. A single fire or severe storm can cause six-figure damage.
What Homeowners Insurance Covers
- Dwelling coverage — repairs or rebuilds your home after a covered loss
- Personal property — replaces furniture, electronics, clothing, and more
- Liability — if someone is injured on your property
- Additional living expenses — hotel and food costs if your home is uninhabitable
- Other structures — fences, detached garages, sheds
- Medical payments to others injured on your property
Common Claims in North Carolina
- Hurricane and tropical storm wind damage
- Hail damage to roofs and siding
- Frozen or burst pipes in winter
- Theft and break-ins
- Fire and smoke damage
- Fallen trees and debris
What's NOT Covered by Standard Homeowners
- Flood damage — requires a separate flood insurance policy
- Earthquake damage
- Normal wear and tear
- Pest infestations
- Certain types of mold
Frequently Asked Questions
How much homeowners insurance do I need?
You need enough dwelling coverage to fully rebuild your home at today's construction costs — not necessarily its market value. We help you calculate the right amount.
Does homeowners insurance cover flooding?
No. Standard homeowners policies exclude flood damage. You need a separate flood insurance policy. This is especially important in NC given our hurricane exposure.
Can I save money by bundling home and auto insurance?
Yes — bundling your homeowners and auto insurance with the same carrier typically saves 10–25% on both policies.