Homeowners Insurance

Protecting Residences Across Salt Lake City, UT, Las Vegas, NV, and More

Your home may be one of the most expensive investments you make. You also rely on your home to provide security, safety and stability. Given such importance, it’s essential for you to take steps to protect your property financially from potentially devastating out-of-pocket losses. Fortunately, homeowners insurance is available. 

What Is Home Insurance? 
As its name suggests, homeowners insurance, also known as home insurance, is among the most commonly purchased forms of coverage in the United States. These policies cast versatile safety nets across many common risks and exposures that may threaten your property, generally including the following:  

• Fires
• Lightning
• Explosions
• Theft
• Vandalism 

Depending on your circumstances, you may need to inquire about augmenting a standard homeowners insurance policy. For example, people in areas prone to hurricanes should strongly consider acquiring additional coverage for windstorms and floods.  

What Does Homeowners Insurance Cover? 
Although the details of homeowners insurance may vary, most policies have the following coverages available: 

• Primary residence—This coverage may financially protect the structure of your home, including its foundations, roof and attached fixtures (e.g., cabinets, bookcases).
• Additional structures—This coverage may help pay for damage to detached structures on your property, such as garages, sheds and guest houses.
• Contents—This coverage may provide financial assistance for losses involving your possessions, including furniture, electronics and clothing.
• Personal liability—This coverage may insulate you from third-party losses for which you or another insured are at fault, such as bodily injuries and property damage.
• Temporary living expenses—This coverage may render financial aid if you must temporarily vacate your home, such as for hotel accommodations and restaurant meals. 

Is Homeowners Insurance Required? 
Homeowners insurance is not typically required by law; however, if you have a mortgage, your lender will likely require you to maintain minimum levels of coverage. Even without such requirements, you should strongly consider purchasing a homeowners insurance policy. Without adequate coverage, a single incident could lead to catastrophic financial losses that must be paid out of pocket. 

We’re Here to Help 
Serving Utah and Nevada since 1950, the insurance professionals at American Insurance are well-equipped to help homeowners, families, individuals and businesses secure their finances with optimal coverage. Our experienced agents will work with you to craft affordable policies. Contact us today to get started.