First-time buyers should understand what their homeowners insurance covers and what exclusions or limits apply.
Standard policies include dwelling, belongings, liability, and living expenses, but not flood or earthquake damage.
Choosing the cheapest policy may leave gaps—consider replacement cost coverage and appropriate policy limits.
Add-ons like sewer backup or identity theft protection can help tailor coverage to your home’s risks.
Update your policy after renovations or purchases to keep your Real Estate investment properly insured.