Your California home is a major investment, so you'll want to do everything in your power to protect it. That means obtaining homeowner insurance. Although California does not legally require homeowners to have this type of insurance, many mortgage lenders do. So, if you financed your home, you may need to keep homeowner insurance in place until you have paid off your loan. Even after you own your home outright, it is still smart to maintain your insurance for financial protection and peace of mind. 

Typical Components of Homeowner Insurance in California 

Homeowner insurance usually consists of several insurance types: 

• Liability Coverage - This aspect of your coverage protects you if someone is injured while on your property. This can include invited guests, salespeople, contractors, and even potential burglars. If someone gets hurt and chooses to sue you for their injuries, this coverage can apply to their medical expenses and other settlements. 
• Dwelling Coverage - This component protects the structure of your home. If it is damaged in a fire, break-in or other emergency, this coverage can pay to rebuild or repair your California home. Mortgage lenders often require you to have enough coverage for full replacement of your home, and it is in your best interest to have full coverage for extreme situations. 
• Personal Property Coverage - Dwelling coverage only applies to the house itself, so if you want to protect your furniture, appliances and other personal belongings, you'll need personal property coverage. Your coverage limit should be high enough to fully replace everything in your home, plus an extra cushion for any items you may have forgotten to include in your valuation. Keep in mind that the valuation should encompass the full replacement cost of the items, not their current resale value. 

You may also wish to add loss-of-use coverage and earthquake coverage, as these are typically not included in standard homeowner insurance plans in California. 

Insure Your California Home Today 

Call 800-422-1251 today to learn more about your homeowner insurance coverage options in California. We'll develop a plan to protect your home and your finances.

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