Your home insurance premium is determined by several factors, including the age and construction of your home, its location, the coverage amounts you select, your claims history, and the presence of protective devices like alarm systems.

Yes, standard home insurance policies typically limit coverage for high-value items. For valuable possessions like jewelry, art, collectibles, or specialized equipment, ask your advisor about scheduled personal property coverage. This additional protection ensures these items are fully covered at their appraised value and often provides broader protection with lower or no deductibles.

Renter insurance offers three essential protections: coverage for personal belongings, liability protection if someone is injured in your rental unit, and additional living expenses if your rental becomes uninhabitable due to a covered loss. Many landlords now require proof of tenant insurance before approving rental applications, as it protects both parties from unexpected financial burdens.

Replacement cost coverage pays to replace your damaged property with new items of similar kind and quality, with no deduction for depreciation. Actual cash value coverage pays the depreciated value of your property at the time of loss. While replacement cost coverage typically results in higher premiums, it provides more comprehensive protection by ensuring you can fully replace damaged items without additional out-of-pocket expenses.