Homeowners Insurance

Home insurance covers the hazards that most homeowners face, including personal liability exposures, which protect you from many situations that could lead to lawsuits from others.

Your Home Is Important, Make Sure It’s Protected

Our first priority is helping you take care of yourself and your family. We want to learn more about your personal situation, identify your dreams and goals, and find you the right coverage.

Shults Insurance Agency

Shults Insurance Agency

At Shults Insurance, our mission is to get to know and understand our clients’ needs, wants, and long-term goals. We are passionate about building trust in the relationships we have with our clients. To us, insurance is not simply insurance. Insurance provides peace of mind, assurance, and protection for your family and loved ones. One of our specialties is homeowners insurance. Your home is one of the most important things you will buy in your life. Keep it protected with a homeowners insurance plan from an agency who cares about your unique needs.

What is Homeowner’s Insurance?

What is Homeowner’s Insurance?

Homeowner’s insurance is a necessary component of owning your own home. A kind of property insurance, homeowner’s insurance, protects against losses and damages to your residence as well as some furnishings and assets inside the home. It provides a level of liability insurance coverage protecting against accidents on the property or inside the home. Generally, a homeowner’s insurance policy will cover interior damage, exterior damage, loss of or damage to personal assets, and injury that occurs on the property. Every policy has a liability limit that will cover only a certain amount if there is an accident resulting in an injury on the property.

The Basics of Homeowners Insurance

The Basics of Homeowners Insurance

Most homeowners insurance policies have six kinds of coverage, dwelling, other structures, personal property, liability, additional living expenses and medical expenses. The homeowner is usually required to pay a deductible when a homeowners insurance claim is made, which is essentially the out-of-pocket expense for the policy owner.

Six Basic Kinds of Coverage:


Damage to the outside of the home due to a covered event. Dwelling may also cover damage to a structure attached to your home like a garage.

Personal Property

Damage to personal property such as electronics, furniture, clothing, and other items inside the home. Personal property protection can help if your personal belongings are stolen or damaged in a fire. It can help you repair or replace these items in a covered event.

Other Structures

Damage to detached structures on the property like a detached garage, shed, or fence.

Additional Living Expenses

Covers necessary living expenses incurred when the dwelling cannot be occupied due to a covered loss.

Personal Liability

Liability coverage can help pay for costs due to a person being injured on your property or in your home. Liability may also cover damage to another person’s personal property in your home or on your property. This and all coverages have their limits, of course.

Medical Expense

Coverage for medical expenses, limited to a specific amount per person and per accident, for injuries that occur on your premises to someone other than the insured.

"Acts of War" and "Acts of God"

"Acts of War" and "Acts of God"

“Acts of War” or “Acts of God” are usually excluded from a typical homeowners insurance policy. These are natural disasters such as floods or earthquakes. If you live in an area prone to natural disasters such as these, it is advisable to get special coverages for it. On the other hand, most basic homeowners insurance policies will cover natural disasters like hurricanes and tornadoes. All insurance policies have their limits. Each kind of coverage is subject to its limits based on your policy. It can sometimes be a good idea to add a personal umbrella insurance policy to your coverage to add a layer of protection in the case of injury on your property or damage to another person’s private property in or at your home.

What if my homeowner’s insurance policy doesn’t cover it?

What if my homeowner’s insurance policy doesn’t cover it?

Protecting what you have and protecting your loved ones is a top priority. This is why people get insurance. Would you be covered if someone were to become injured on your property? What if someone believes you to be at fault and decides to bring a lawsuit against you? We’ve got you covered with a personal umbrella insurance policy. Umbrella insurance policies cover above and beyond what the liability coverage is on your regular homeowner’s or auto insurance policy. When the coverage runs out on your standard policy, your umbrella insurance policy kicks in. Speak to an agent today to find out if this is a good fit for you.

Little-known facts about Homeowners Insurance

Little-known facts about Homeowners Insurance

There are many things about insuring a home that most consumers aren’t aware of. We are here to make sure you avoid potential problem areas, including:

  • Most policies will not cover sewer backup, unless you purchase a special endorsement
  • Damages caused by surface water or water that flows below the surface of the ground aren’t usually covered
  • A standard homeowners policy typically does not include Flood Insurance
  • A standard homeowners policy only covers jewelry, up to set limits if the loss resulted from one of the perils named on the policy
  • Many policies default to actual cash value, which means if you purchased a widescreen TV and home theater system for $1,000, it may now only be worth $450, so that's all you'll receive on the claim. Just like the dwelling limit mentioned above, replacement cost insurance pays out the total replacement value of your possessions, not their market value, in the event of a claim.
  • You may be able to combine your Home and Auto policies (and others) for even more savings.
Key Takeaways

Key Takeaways

There is no such thing as a one-size-fits-all policy. Each policy is as unique as its covered policyholder. The coverage, limits, and deductibles you need will be dependent on your situation.  It is essential to schedule a meeting with an agent, so you can find the best policy for your budget without sacrificing coverage. At Shults Insurance, we specialize in homeowners insurance. Call today.

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