Homeowners Insurance: What It Covers and How It Can Protect You Financially

Homeowners Insurance

If you are a homeowner, it is important to have homeowners insurance. This protects you financially in the event that something happens to your home.

This article will discuss what your homeowners’ insurance can cover and how it can protect you financially.

Water Damage

If it spreads out too much, water can destroy your house. It’s essential that you take all measures in order to protect your home, and having insurance will make sure you won’t have to pay for the repairs out of your own pocket.

This will spare you from any budgeting you may need to do in order to fix this issue in your house.

For example, water damage from a burst pipe is typically covered by homeowners insurance.

So, if you have a pipe that bursts in your home and causes water damage, your homeowner’s insurance will likely help pay to repair the damage.

Of course, every policy is different, so it’s important to read through it carefully to understand what is and isn’t covered.

But, in general, homeowners insurance can help protect you from financial damages caused by water.


You always want to shield your house from intruders, but sometimes theft can happen even when you’re there.

Whether it’s a break-in or theft from your yard, homeowners insurance can help cover the financial costs of theft.

There are two types of theft that homeowners insurance covers: personal property theft and dwelling theft.

Personal property theft is when someone steals items from your home, such as electronics, jewelry, or furniture. 

Dwelling theft is when someone breaks into your home to damage your property.

Homeowners’ insurance can help cover the cost of replacing stolen items and repairing damaged property.

It can also help pay for temporary living expenses if your home is uninhabitable due to a break-in.


There are always repairs to be done in your home. These may be the following:

  • repairs to your home’s structure
  • repairs to your home’s systems, like plumbing or electrical
  • repairs to your appliances
  • repairs to your belongings, like furniture or clothing

Homeowners’ insurance can help cover the cost of these repairs. This can be a big financial relief, as repairs can be expensive.

It can also help if you need to live somewhere else while your home is being repaired.

This is called “loss of use” coverage. It can help pay for things like hotel bills and restaurants.

Check with your homeowners’ insurance policy to see what types of repairs are covered. 

Some policies may have limits on how much they will pay for certain types of repairs.

This can guarantee that you’ll get the best help possible to make repairs and get your life back to normal as soon as possible.

For example, if repairs will cost more than your policy limit, you may need to pay for some of the repairs yourself.

If you have any questions about repairs and your homeowner’s insurance policy, talk to your insurance agent.

They can help you understand what is covered and what isn’t. And they can help you find the best way to get the repairs you need.


These policies usually cover unfortunate events like house fires, which is great news if you live in an area with a high fire risk.

Homeowners insurance can help you financially recover from fire by paying for repairs to your home and replacing any of your belongings that were damaged or destroyed.

If you have to temporarily relocate while your home is being repaired, your homeowner’s insurance policy may also cover the cost of temporary housing.

Be sure to ask your agent about coverage for fire damage when you’re shopping for a policy.

It’s important to remember that every policy is different, so it’s always a good idea to read through your policy carefully and understand what is and isn’t covered before something happens.

Plumbing Issues

There are certain plumbing problems every household will eventually face.

While some plumbing issues are minor and easily fixed, others can cause extensive damage to your home, and cost a lot of money to repair.

Homeowners’ insurance covers plumbing problems that result from normal wear and tear.

This means that if a pipe bursts in your home, or you have a leaky faucet, you can file a claim with your homeowner’s insurance company, and they will help cover the cost of repairs.

However, there are some plumbing problems that are not covered by homeowners insurance, so make sure to do some reading before signing the document.

For example, if you have a plumbing problem that is the result of negligence on your part (such as not changing the filters in your water heater), your homeowners’ insurance will not cover it.

It’s important to know exactly what your homeowners’ insurance policy covers so that you can budget for repairs and be prepared in case of an emergency.

If you’re ever unsure about whether or not something is covered, give your insurance agent a call, and they’ll be happy to help clarify.


Keeping your fence in good shape isn’t just about maintaining curb appeal. It’s also a safety precaution to help prevent serious injuries.

A well-maintained fence can also increase your home’s value.

Homeowners’ insurance covers fences, so if something happens to yours, you’re protected financially.

There are many things to consider when it comes to fences and homeowners insurance.

Make sure to consider the type of fence you have, the material it’s made of, and the location of your property all play a role in how much coverage you need.

For example, a wood fence will need different coverage than an aluminum one.

And if your property is in a high-wind area, you’ll want to make sure your policy covers wind damage.

Talk to your insurance agent about what type of coverage is right for you and your home.

They can help you find the best policy to protect your investment and give you peace of mind.

Homeowners Insurance


Homeowners insurance is a great way to achieve financial security as you’ll be spared from paying for various repairs and reparations.

All the things mentioned above are usually covered by a policy, but it’s important to see what kind of deal you’re getting and assess your own needs.

This way, you’ll have a tailored policy that caters to what you require most!

Russell Jones

Russell, a native Australian and VP of Operations at Phyxter Home Services, is also part-owner of Vernon Air Conditioning, Plumbing, and Electrical Services. When he's not busy with work projects and renovations, Russell enjoys putting his vast knowledge of home improvement to good use by sharing his tips and tricks.

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Phyxter (pronounced Fix-ter) is a national home services brand specializing in Residential HVAC, Electrical and Plumbing solutions.

Phyxter is laser-focused on writing the best articles and guides to empower homeowners to get the best out of their homes.

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