Homeowners insurance helps keep your house and most valuable assets protected against disaster and theft. While it’s not legally required to have homeowners insurance in any state, anyone who has a financial stake in your home — e.g., a bank or mortgage lender — will require you to have home insurance coverage. If you don't own a home, most landlords require their tenants to have renters insurance coverage. Even if it’s not mandatory, it’s a good idea to have insurance so you’ll receive reimbursement for your belongings in the case of a disaster or burglary.
No matter what type of home insurance you plan to get, many questions surround this subject. How much does homeowners insurance cost? What all does it cover? Am I fully covered if someone is injured in my home? Home insurance can also be confusing, especially when you come across terms like “actual cash value” or “inflation guard.”
Mercury is here to take the confusion out of homeowners insurance. We offer several informative articles covering home insurance tips, security advice, maintenance recommendations, and more. Explore all our home-related resources and gain a better understanding of insurance.