Home insurance can be a complex topic, but you can make your decision easier by taking the time to understand the basics. For most people, their home is the largest financial investment of their lives, so it is extremely important to properly insure it. As you learn more about the subject, you’ll be able to compare homeowners insurance quotes online and decide which one is best for you.

What exactly does a policy cover? Although the details vary from one policy to another, in general, home insurance covers:

• Housing (repairs and reconstruction)

• Personal property for certain types of items such as furniture

• Responsibility (in case of trial)

• Other structures on the property

• Loss of use (in the event you have to temporarily move out of your home while it is being repaired)

There are also options for additional home coverage, such as add-ons for specific items. Floods, fires, hurricanes, etc. coverage may also be required depending on where you live. Even if they are not required, you may want this type of protection.

What do home insurance quotes include?

Home insurance quotes sometimes include discounts or savings offers. Typically, if you have security features installed in your home, you may qualify for a discount. It may also be worth investing in sprinklers, as it can bring the price of fire insurance down a bit.

When it comes to personal property damage, this can include anything from high-end electronic equipment to designer clothing. You have some flexibility here, so be sure to select a coverage amount that you can be happy with. The ideal policy could potentially replace everything you own after extensive damage or theft to the home.

Your stage in life also plays a role in the level of home insurance you should consider. If you’re a single shopper with no children, you probably won’t need as much coverage as an established family. It would probably be easier for you to risk a higher deductible when there are no children to worry about so you don’t have to spend a large amount on premiums. If you have a family with children, it will be the other way around. If you are older and nearing retirement, you may want to increase the deductible again.

No matter what protection you’re looking for, you can start getting homeowners insurance quotes in Lemonade. Other insurance companies take their time paying claims because they want to keep as much of their money for as long as possible. Lemonade charges a flat fee and pays out claims very quickly and offers good customer support.