Understanding Homeowners Insurance (and What It Covers)

🛡 Understanding Homeowners Insurance (and What It Covers) Buying a home comes with responsibility—but also protection. Homeowners insurance helps shield you from the unexpected.

🏠 What Is Homeowners Insurance?

Homeowners insurance is a financial safety net that helps cover repairs or losses to your home and belongings caused by covered events like fire, theft, or storms.

It’s also required by your lender to finalize your mortgage—so it’s something every buyer will need to understand before closing.

🧾 What Does It Typically Cover?

Here’s what a standard policy usually includes:

1. Dwelling Coverage Repairs or rebuilds your home due to covered damage (fire, wind, hail, etc.)

2. Other Structures Covers fences, sheds, or detached garages on your property

3. Personal Property Covers furniture, electronics, clothes, and more (some limits apply) 4. Loss of Use Covers temporary housing if your home becomes unlivable due to damage

5. Liability Coverage Covers injuries or property damage you’re legally responsible for

6. Medical Payments Helps pay for minor injuries to guests on your property

🚫 What’s Not Covered?

• Earthquakes (often a separate policy in California)

• Flooding from outside the home (also requires separate coverage)

• Normal wear & tear or maintenance issues

• Certain high-value items unless separately insured (jewelry, collectibles)
  

💰 How Much Does It Cost?

In California, the average annual premium is around $1,200–$1,500 depending on the home’s location, size, and risk profile.You’ll typically pay the first year’s premium at closing.

🧠 How to Choose the Right Policy

Look for:

• 💬 Strong customer service reputation

• 📦 Bundled coverage (home + auto often gets a discount)

• 📉 Reasonable deductible and high enough limits

• 📝 An agent or broker who explains everything clearly

I can refer you to a few trusted insurance pros who’ve helped my past clients feel confident in their coverage.

🎯 Protecting Your Home = Peace of Mind

You may never need to file a claim—but knowing you’re covered allows you to enjoy your home more fully. And when you’re ready, I’ll help you take the next step.

—

Andrew Georgitsis DRE#02266192 📧 info@socalrealtyandinvestments.com

📞 866-322-5487 🌐 www.socalrealtyandinvestments.com