What Does Homeowners Insurance Cover?
Homeowners insurance covers so much more than just your house. Homeowners also covers other structures on your property (barn, shed, fence), your belongings (furniture, clothes, electronics), lawsuits, and even temporary living expenses during home repairs. And yes, these coverages come standard at no extra cost. Just get a homeowners insurance quote, and you can see all your coverages.
STANDARD HOMEOWNERS INSURANCE COVERAGES
These are the basic homeowners insurance coverages and come standard in your homeowners policy.
Dwelling coverage
Covers damage to your house and attachments
Dwelling coverage pays for damage to your house and anything permanently attached to it, including your garage, roof, chimneys, attached deck, countertops, cabinets, flooring, vanities, etc.
Example: A pipe in your kitchen bursts and water damages your walls, cabinets, countertops, appliances, and hardwood floors. This then pays to repair or replace what’s damaged and water removal.
Other structures
Covers structures not permanently attached to your house
Other structures coverage includes unattached garages, gazebos, decks, patios, sheds, pergolas, fences, driveways, etc.
Example: During a windstorm, a tree falls and damages your shed, fence, deck, and pool. This then pays to repair or replace the structures that were damaged and tree removal.
Personal possessions
Covers your belongings if they’re stolen or damaged
Personal possessions covers just about all of your stuff if it’s damaged or stolen. This can include electronics, furniture, clothes, tools/power equipment, and more. Your items are even covered if they’re not stored in your home (sheds, garages, your car, storage facilities, etc.).
Example: Someone breaks into your car and steals your phone, clothes, and camping equipment. You’ll then get payment for those items, but there may be limitations on some of them.
Jewelry, art, memorabilia, computers, and other expensive items: Certain limits may apply to your more expensive items, but don’t worry, you can get additional coverage for jewelry and other expensive items. Just complete your quote, and we’ll guide you through adding the right coverage as you’re buying. Plus, we have licensed home insurance agents available to help.
Loss of use
Covers temporary living expenses
You’ll never be left homeless. If your home is damaged from a covered loss (meaning something insurance pays for) and you can’t stay there, loss of use covers hotel, rent, and food expenses above what you’d normally pay.
Example: There’s a fire in your home, and you can’t stay there for two weeks. If you spend $1,000 eating out, loss of use will cover that food bill beyond what you normally spend, and your rent/hotel expenses. Make sure you keep your receipts.
Personal liability
Covers lawsuits against you
If someone sues you or a family member you live with (for injuries or damage to their property), personal liability will pay for your lawyer, court fees, and certain damages you have to pay, subject to your policy.
Example: A delivery person slips and falls at your house and sues you for their medical bills, lost wages, and damaged merchandise. Or, your child spray paints your neighbor’s garage, and they sue you. Personal liability covers all of those instances.
Medical payments
Covers injuries on your property
Medical payments coverage pays for medical bills if someone else is hurt at your home or on your property.
Example: Your child’s friend breaks her arm at your house, and their parents ask you to pay the medical bill. Medical payments then covers the medical costs.
OPTIONAL HOMEOWNERS INSURANCE COVERAGES
You can add any of these coverages to customize your policy based on your needs.
Water back-up
Covers water damage from backed-up sump pumps and sewer systems
Some homes have sump pumps in their basements/crawl spaces, which are designed to pump water out from underneath and around your foundation. Sometimes sump pumps or plumbing/sewer systems get backed up. Water can then flood into your house, causing an expensive mess. Water back-up coverage will then pay for damage to your belongings and water removal.
Example: Your sump pump breaks down, and water/sewage floods back into your basement, damaging your carpet, furniture, billiards table, washer, and dryer. Water back-up then pays for the sewage removal and that damage to your property.
Personal injury
Covers uncommon but expensive lawsuits and situations
Personal injury covers your legal fees and additional damages from:
- Slander or libel lawsuits (something you say/write that damages a person’s reputation or business)
- Lawsuits against you such as wrongful entry or malicious prosecution
- Wrongful eviction
- False arrest, detention, or imprisonment
Example: Your teenage child damages their teacher’s reputation by posting something online. So, the teacher decides to sue you. Personal injury will then cover your lawyer, court fees, and any damages you have to pay, subject to your policy.
PERILS: WHAT YOU’RE PROTECTED AGAINST
Perils are really just things that can damage your house, other structures on your property, and your belongings.
What’s typically covered
- Lightning
- Fire and smoke
- Tornadoes
- Power surges
- Damage from the weight of ice, snow, or sleet
- Volcanic eruption
- Windstorms and hail
- Theft
- Explosions (e.g., aerosol can or gas grill)
- Vandalism and riots
- Car/aircraft crashing into your home
- Falling trees or other objects
- Water damage (from leaking roofs, bursting pipes, or broken appliances, but not floods)
What’s not covered
If you quote through Insurance Network, we’ll help you add coverage for any of these. But, you may need a separate policy.
- Floods (if you live in a flood plane, your lender will likely require this insurance)
- Earthquakes, landslides, and mudslides
- Sinkholes
GENERAL WEAR AND TEAR IS NOT COVERED BY ANY POLICY
If your roof is old and simply needs to be replaced, no insurance policy will cover it. But, if that same old roof were damaged in a storm and heavy winds ripped off shingles, then it’d be covered.
Expected events = not covered
Unexpected events = covered
Auto insurance coverages we offer
Accidents, glass damage, lawsuits, hail, and more—we have affordable coverage options to protect against just about anything. Get a free car insurance quote and you can customize your coverages online.
Liability
Pays for property damages and injuries you cause to others while driving. You’re also covered for court/attorney costs.
Example: You rear-end another car, causing damage to the vehicle and injuring the driver. We’ll pay for, up to your policy’s limits, the other driver’s car repairs and injuries, plus costs from any potential lawsuit. There’s no deductible for liability.
Comprehensive and collision
Comprehensive pays to repair or replace your car if it’s damaged from an incident out of your control: theft, vandalism, hitting an animal, fire, acts of nature, and glass damage. Collision covers damages to your vehicle if you’re in an accident, regardless of fault.
Example (Comprehensive): Your car is totaled during a major hailstorm while parked outside. If you have comprehensive, we’ll pay you the value of your car, minus your deductible.
Example (Collision): You back out of your garage, hit your basketball hoop, and cause $2,000 worth of damage to your vehicle. With collision, we’ll pay to repair your vehicle, minus your deductible.
Uninsured/underinsured motorist
If you’re hit by a driver with no insurance or not enough insurance, uninsured/underinsured motorist (UI/UIM) bodily injury and property damage coverage can pay for your injuries and damages, up to your policy’s limits.
Example: An uninsured driver runs a red light and hits your vehicle. If they can’t cover the damages to your vehicle, your uninsured motorist property damage can pay for the repairs.
Medical payments
Pays for medical costs if you, your family members, or your passengers are injured in an accident, regardless of fault.
Example: Your newly-licensed 16-year-old neighbor drives your child to school, and they’re in an accident. Your child is injured and has a $1,000 medical bill. Medical payments will cover the bill, up to the limits of your policy. No deductible applies.
Rental car reimbursement
Pays for your rental car fees while your vehicle is being repaired from a covered loss.
Example: Your car is severely damaged in an accident, and repairs will take a week, so you need a rental. If you have rental car reimbursement, we’ll pay for your rental car fees (up to your policy’s limits).
Loan/lease payoff
Also known as “gap insurance.” If your car is totaled, we’ll help pay off the balance of your loan (up to 125% of your vehicle’s current value).
Example: You finance $30,000 for a new car. The moment you drive off the lot, your new ride could only be worth $25,000. If your car is totaled, you’re still responsible for the $30,000 on the loan. Loan/lease payoff makes up the difference.
ATV or UTV insurance
Four-wheelers and side-by-sides can be serious fun, so make sure you and your all-terrain vehicle (ATV) or utility vehicle (UTV) are protected whether you’re a full-time rancher or part-time adventure seeker. With Progressive ATV and UTV insurance, you can quote and customize your policy online to cover different types of risks.
Is ATV insurance required?
Not all states mandate insurance on your ATV or UTV, but places where you ride it might—like private property areas and state or public parks. Also, if you’re financing your vehicle, some lenders will require comprehensive and collision coverage.
Is your ATV covered by your home insurance policy?
Home insurance typically covers your ATV for scenarios on your property only. That means you’ll need a separate ATV/UTV policy for accidents that occur away from home. Plus, even if your home and ATV insurance are with the same company, it’s usually more cost effective to file an insurance claim under your ATV policy rather than your home policy.
What does ATV/UTV insurance cost?
Your price will depend on many factors, including your ATV’s make, model and location. Your age and driving history will also help determine your rate.
Does Progressive insure all ATV, UTV, and side-by-side brands?
We insure nearly all popular makes and models, including but not limited to Polaris, Can-Am (BRP), Yamaha and Kawasaki.
ATV insurance discounts
Here are some of the many discounts you could qualify for* when you buy ATV or UTV insurance policy from Progressive:
- Safety course: If you’ve completed an approved ATV, motorcycle or snowmobile safety course within the past three years, you’ll receive a discount on your ATV policy.
- Multi-policy: Already have another policy with Progressive, such as auto, home, renters, RV or boat? We’ll add a discount for bundling to your ATV policy. See more on the benefits of bundling insurance.
- Pay in full: Pay your ATV policy in full, up front, and we’ll add another discount.
- Responsible driver: Safe drivers deserve to be rewarded, and you’ll get a discount if you’ve had no accidents or motor vehicle violations in the last three years.
- Advance quote†: Get an ATV insurance quote at least one day prior to starting your policy and earn a discount on your policy just for shopping in advance.
What does ATV/UTV insurance cover?
ATV/UTV coverages will protect your vehicle and/or your finances if you’re sued because you’re liable in an accident. Progressive offers more than just the basic coverages so you can ride with maximum peace of mind.
Standard coverages
Bodily injury and property damage liability
Pays for injuries you cause to someone else or damages to their vehicle or property while you’re riding your ATV or UTV. Legal costs are also covered if you’re sued.
Liability coverage isn’t required by law in every state, but injuries often cost ATV owners thousands. Bodily injury coverage, especially, can help you avoid a potential financial burden as the average injury claim is over $10,000.
Uninsured/underinsured motorist bodily injury and property damage
Covers you and your passengers if you’re on your quad or side-by-side and are injured by another driver or rider with no insurance or not enough insurance. You’re also covered if an uninsured/underinsured driver damages your vehicle.
Comprehensive and collision
A chief concern among ATV owners is protecting their vehicle against theft. Comprehensive coverage pays to repair or replace your ATV (or UTV) if it is stolen, vandalized, or damaged due to fire, hitting an animal or an act of nature. Collision covers damage to your vehicle if you’re in an accident with another vehicle or object.
Comprehensive and collision aren’t mandatory unless you’re financing your ATV but are highly recommended if you wish to safeguard your vehicle.
Medical payments
If you’re in an accident with your ATV or UTV, even if you simply fall off your vehicle, medical payments can pay for medical and funeral expenses (up to your policy’s limits) for you and your passengers.
In some states, personal injury protection is offered for medical payments and protects you similarly.
Accessories and custom parts/equipment
With Progressive, ATV insurance coverage automatically includes $3,000 in coverage for upgrades you’ve made to your vehicle. Need more than $3,000? You can purchase up to $30,000 in additional coverages and benefits coverage.
Extra coverages
Total loss coverage for new ATVs
If your ATV or UTV is no more than one model year old on a new policy or two model years old on a renewal policy with full physical damage coverage, we’ll pay you the full MSRP if your vehicle is totaled. A deductible applies.
Disappearing deductibles
For every claim-free policy period you have with your Progressive ATV policy, we’ll lower your deductible by 25%…all the way down to $0.
OEM parts
If your ATV or UTV contains original manufacturer equipment parts in your vehicle, we’ll always use the same when it comes to repairs.
Carried contents
Your ATV or UTV is often your work horse, as you use it to hunt or plow. Carried contents coverage protects your camping equipment, hunting gear, and any personal property that could fall out of your vehicle.
Roadside assistance and trip interruption
We’ll tow your ATV to the nearest repair shop if your vehicle is disabled within 100 feet of the road. Once you have roadside coverage, you’ll be able to add trip interruption, which pays for food and/or lodging expenses (up to $500) if you’re away from home.
What it costs
In 2017, the national average cost of a new 12-month business insurance policy through the Insurance Network Business Program ranged from $50 a month for professional liability to $192 a month for workers’ compensation.
Your rate is based on the specific types of coverage you need, and that depends on the type of work you do and the risk involved. Each business is different, and so is their exposure to risk. Discover the differences in cost among business insurance productsand what you can do to secure adequate coverage at a low cost.
Common questions
What does business insurance cover?
Business insurance isn’t a specific coverage. It’s a term used to describe one or more individual coverages that protect a small business. The range of protection depends on the specific coverages a business carries. For example, “business insurance” can refer to a single coverage, such as general liability, but it can also include many more.
Which coverages do I need?
Each business has unique needs, but nearly all should consider general liability. It’s the most common coverage, protecting businesses against a wide variety of situations involving third-party injuries or property damage (e.g. slip and falls, broken windows).
If you or your employees drive for work-related tasks, you’ll probably need commercial auto insurance. Most states require that you carry workers’ compensation if you have employees.
Why do I need business insurance?
You need it to protect against severe financial loss. Without it, your business could be crippled by a single incident. For example, a customer was injured and you’re legally responsible. Without insurance, the medical bills and legal fees could become impossible to afford. Don’t let this happen to you.
Do I need business insurance if I’m a sole proprietor?
Yes. As a matter of fact, sole proprietors are personally responsible for their business’s debts. This means their personal assets, such as bank accounts or property, might be targeted to satisfy an outstanding business debt. Accidents are unavoidable, but the financial impact they can cause is something you should plan for no matter how small your business is.
Get your business insurance quote today
We want you to feel confident and secure with your small business insurance. Our team of experts will discuss your coverage options and help you find the protection that best fits your needs and budget. Start a quote online or call us today 877 613 5041
