Homeowners Insurance Information
Coverage for Homeowners throughout Santa Clarita, San Fernando, the Antelope Valley and beyond.
Southern California’s real estate market is large and expensive, and Santa Clarita’s median home value is more than $500,000. Still, whatever you pay for your home, it’s worth a lot to you. You need to protect it from damage, not just for the money but also for the security. Getting homeowners insurance will help you do so conveniently.
If you aren’t sure what type of homeowners policy your dream home needs, just come to Dynamite Insurance for help. We can insure homes large and small, brand new or fixer upper. We’re experts in all types of homeowners coverage and can help you develop a personalized insurance package provided by one of our top-rated carrier partners.
Still curious about your homeowners insurance options? Just keep reading to learn more. Or, if you are ready to get covered, call us at
or get your free quote online now!
Frequently Asked Homeowners Insurance Questions
What is homeowners insurance for?
Your home is the place you go for security, comfort and privacy. That’s why you don’t want hazards like fires, vandalism or severe weather to damage the house, destroy its belongings or harm those inside. Homeowners insurance allows you to pay for the damage your home or belongings sustain without having to dig deep into your own pockets.
Why do you need good home coverage in California?
Any home in any community could face damage at any time. Still, it’s not possible to predict many of these accidents, nor is it easy to know how much picking up the pieces might cost you. Homeowners insurance helps you avoid a huge financial hit from such losses. Therefore, it can safeguard the investment you and others have made in the property. Most mortgage lenders even require applicants to buy coverage to qualify for a loan.
What will my policy cover?
All homeowners policies differ, however, they usually contain a few essential types of protection:
· Structure Coverage: The policy will insure the house and attached structures. Most policies will pay replacement cost value for the repairs, which accounts for the cost required to rebuild the home as it was before damage occurred.
· Detached Structure Coverage: Damage to items like fences, detached garages and storage sheds will have coverage separate from your main structure insurance. The policy limits is usually a percentage of your structure coverage limit.
· Possessions Coverage: Loss of most personal belongings will have coverage. Many policies pay actual cash value for damaged belongings, which is an item’s used value at the time of the loss. If you want expanded coverage for expensive or specialty items, like jewelry, most policies also offer endorsements for extended coverage.
· Liability Coverage: If the owner is responsible for harm caused to another party who does not live in the home (like a neighbor), then this coverage can compensate that third party. Coverage might pay for the third party’s bodily injuries and property damage, as well as legal fees for both that person and the policyholder.
· Medical Payments Coverage: If a guest gets hurt on the property, medical payments insurance can help the homeowner pay for that person’s injuries. Under this coverage, it doesn’t matter who was at-fault for the accident. So, coverage can help prevent certain injury liability claims.
· Loss of Use Coverage: Residents might have to vacate some or all of the house following a covered event. Loss of use coverage can help them recoup unexpected expenses that appear because they must relocate or only live in part of their home for a while.
All policies will include terms and conditions, including:
· Exclusions: Damage from certain events or to certain items might not have coverage.
· Deductibles: The policyholder will have to pay this cost towards the total cost of a damage claim. The insurer will subtract it from the total settlement cost.
· Coverage Limits: Policies will include a maximum amount that it will pay you under each type of coverage. Certain items and losses might have sub-limits under that total amount.
What is hazard insurance?
Some policies refer to structure coverage as hazard insurance. This is simply another term for the coverage your lender might require.
What happens if you don’t have homeowners insurance?
Failing to buy a homeowners policy might disqualify you from financing your home. However, a worse scenario is that if your home is destroyed in a disaster, then you might have no way to rebuild except out of your own bank accounts. That can put many families in a pinch.
What does homeowners insurance cost in California?
Statewide, the average homeowners insurance premium is about $1,600 annually, or roughly $130/month. However, factors like the value of your home, your ZIP Code, credit score, claims history and the types and amounts of coverage you buy might influence your rates.
Don’t hesitate to talk to your Dynamite Insurance agent about the best way to get an affordable policy. We can help you always compare rates and apply discounts to keep your coverage affordable.