What Does Progressive Homeowners Insurance Cover?

February 03, 2023 Post a Comment

Progressive Home Insurance Review 2020 // Simply Insurance™ from www.simplyinsurance.com

Introduction

As a homeowner, it's important to protect your biggest investment. That's why homeowners insurance is a must-have. But what exactly does progressive homeowners insurance cover? In this article, we'll break down the coverage options offered by Progressive and explain what each one entails.

Structure Coverage

Structure coverage is the most basic type of homeowners insurance coverage. It covers the physical structure of your home, such as the walls, roof, and foundation. This coverage also includes any attached structures, such as a garage or deck. If your home is damaged due to a covered event, such as a fire or hailstorm, structure coverage will pay for repairs or rebuilding costs.

Personal Property Coverage

Personal property coverage is another important type of homeowners insurance coverage. It covers the belongings inside your home, such as furniture, clothing, and electronics. If your personal property is damaged or stolen, this coverage will pay for repairs or replacement costs. It's important to note that there may be limits to how much personal property coverage you can purchase, so be sure to check with your insurer.

Liability Coverage

Liability coverage protects you if someone is injured on your property or if you accidentally cause damage to someone else's property. This coverage can also help cover legal fees if you're sued. Liability coverage is crucial for homeowners because it can protect you from financial ruin in the event of a lawsuit.

Additional Living Expenses Coverage

If your home is damaged and you're unable to live in it while repairs are being made, additional living expenses coverage will pay for your temporary living expenses, such as hotel costs or rental fees. This coverage can be a lifesaver if you're unable to stay in your home for an extended period of time.

Flood Insurance

Most homeowners insurance policies do not cover flood damage. However, Progressive offers a separate flood insurance policy that can help protect your home and personal property from flood damage. If you live in a flood-prone area, this coverage is highly recommended.

Earthquake Insurance

Similarly, most homeowners insurance policies do not cover earthquake damage. Progressive offers a separate earthquake insurance policy that can help protect your home and personal property from earthquake damage. This coverage is important if you live in an area prone to earthquakes.

Conclusion

Homeowners insurance is an important investment for any homeowner. Progressive offers a variety of coverage options to help protect your home and personal property. Be sure to talk to your insurer to determine which coverage options are right for you.