Frequently Asked Questions


Is flood insurance included with homeowner’s insurance?

Flood insurance is not included in homeowner’s insurance.


How much does homeowner’s insurance cost?

Your home value and the amount of coverage you buy will have a big impact on the amount you will pay for your premiums.


How much is renters insurance?

Renters insurance is also more affordable than you may think. Some premiums are as low as under $200 a year.


Do I need homeowner’s insurance to buy a home?

You can own a home without homeowner’s insurance. However, if you finance your home, your lender will most likely require the home to have insurance.


Is homeowner’s insurance included in a mortgage payment?

Homeowner’s insurance is not included in a mortgage payment unless it is escrowed.


Is Homeowners insurance tax deductible?

Your insurance premiums are not tax deductible except if you are a property owner who uses the home for business purposes.


Do I need an inventory of my belongings?

Inventories are not a requirement but may help a claims process run smoother.

Am I covered for earthquake damage?

Earthquake protection is not included in a standard homeowner’s policy.


How often do I need to renew my home insurance policy?

You must renew your policy every year.


Can security system and fire alarms reduce my premiums?

Yes, you may receive discounts for system that reduce your home’s risk.


What are endorsements and do I need them?

Endorsements are add-ons that may be added to an insurance policy for extra coverage.