508-752-3701 | info@robertpowersins.com

homeowners intro
A homeowners insurance policy generally includes four types of coverage:
  • Coverage for the structure of your home
  • Coverage for your personal belongings
  • Liability protection
  • Additional living expenses
Homeowners policies differ based on coverage and whether you own or rent your home, or live in a condominium. Insurance companies offer a variety of pricing plans for each type of coverage.

Click here for additional homeowner coverage information.

vacant property rental property flood insurance fine arts

10 Institute Road | Worcester, MA 01609

508-752-3701 | info@robertpowersins.com

homeowner coverage
The structure of your home

This part of your policy pays to repair or rebuild your home if it is damaged or destroyed by fire, hurricane, hail, lightning or other perils listed in your policy. It will not pay for damage caused by a flood, earthquake, or routine wear and tear. However, earthquake coverage can be added to most homeowner policies by endorsement. Flood coverage can be added by purchasing a separate flood insurance policy.

Most standard policies also cover structures that are detached from your home such as a garage, tool shed or gazebo. Generally, the coverage for detached structures is based on a percentage of the coverage you carry on the primary structure.

Personal belongings

Furniture, clothes, sports equipment, and other personal items are covered if they are stolen or destroyed by fire, hurricane or other insured perils. Generally, the coverage for personal belongings is based on a percentage of the coverage you carry on the primary structure. Most policies also provide coverage for belongings away from you home, subject to policy limits and conditions.

Personal property endorsements can be added to the policy to insure particularly valuable items at their appraised value.

Liability protection

The liability section provides coverage for lawsuits for bodily injury or property damage that you, your family members, or pets cause to others, either on your property or elsewhere. Defense costs and any court awards are covered up to the limits of your policy.

Generally, this section also provides medical coverage for anyone injured on your property.

Additional living expenses

This coverage pays for additional living expenses if you cannot occupy your home because of damage from an insured peril, subject to policy limits and conditions. Generally, the coverage for additional living expenses is based on a percentage of the coverage you carry on the primary structure.

10 Institute Road | Worcester, MA 01609

508-752-3701 | info@robertpowersins.com

homeowner coverage
Vacant property

If your home has been vacant for more than 30 days, there is no coverage under a standard homeowners policy. You need to purchase a vacant home policy.

Given the greater exposure – higher chance of theft, water damage and liability claims when a home is unoccupied – there is a higher cost for these policies.

We can walk you through the process of making sure you are obtaining the coverage you need at a price you can afford.

10 Institute Road | Worcester, MA 01609

508-752-3701 | info@robertpowersins.com

homeowner coverage
Rental property

Renting a property out? We can write it.

Whether you want to insure it personally under your name or on a commercial policy we can make sure you have the coverage you need. We can obtain coverage for your property, your liability exposure and the loss of rents if a loss were to occur.

10 Institute Road | Worcester, MA 01609

508-752-3701 | info@robertpowersins.com

homeowner coverage
Flood insurance

As we have seen over the past few years, flood water can cause significant property damage. Unfortunately, too many homeowners do not understand that flood damage is not covered by homeowners insurance. Further, many homeowners do not know that if the town in which they reside participates in a flood program, they live in a flood zone.

The only way to insure against flood loss is with a separate flood policy. Flood insurance provides building coverage up to $250,000 and contents coverage up to $100,000.

If you live in a flood zone, or think your property may be subject to flood water damage, we can help you get the coverage you need.

10 Institute Road | Worcester, MA 01609

508-752-3701 | info@robertpowersins.com

homeowner coverage
Fine arts

Homeowners insurance policies generally limit coverage for furs, jewelry, electronics, art, and collectible items such as stamps or coins. Policies often specify the maximum total amount that will be paid for all items damaged by an insured peril, as well as the maximum payout for any one item. If the value of certain groups of possessions exceed the limits specified in the homeowners policy, additional coverage is needed.

In some cases, the additional coverage can be added to your homeowners policy by endorsement. In other cases, you may want a separate policy for your valuable possessions or collectibles. Scheduling or itemizing these possessions also broadens the coverage available to include such perils as breakage and mysterious disappearance. Generally, each item has a scheduled value so there is a clear understanding of worth in the event of a loss. Insurance companies often require an appraisal to determine the value of scheduled items.

10 Institute Road | Worcester, MA 01609