INSURANCE
CENTER GROUP
Since 1999
Bloomington | Ellettsville | Salem 812-337-7637
Home Insurance Questions

Home Insurance FAQ

Answers to common questions about homeowners insurance, covered losses, exclusions, replacement cost, liability, flood insurance, and claims.

Other FAQs

FAQ Main Page

Quick Links

Standard homeowners insurance policies usually provide protection for losses caused by events such as fire, smoke, lightning, windstorms, hail, vandalism, explosion, theft, falling objects, weight of ice or snow, and damage from vehicles or aircraft. Coverage depends on the policy form, limits, exclusions, and carrier.

Common exclusions may include flooding, earthquakes, maintenance issues, pest infestation, sinkholes, sewer backup unless endorsed, mold, war, nuclear hazards, government actions, rust, corrosion, decay, and certain power failure losses. Some excluded risks may be covered through separate policies or endorsements.

Homeowners insurance is generally not required by law, but if you have a mortgage, your lender will almost always require it. Even without a mortgage, homeowners insurance is strongly recommended to help protect your home, belongings, and liability exposure.

Homeowners insurance helps protect one of your largest investments. It may help pay for covered repairs, rebuilding, personal property losses, additional living expenses, and liability claims if someone is injured on your property.

In most cases, homeowners insurance for a personal residence is not tax deductible. If part of your home is used for business purposes, there may be limited exceptions. Please consult a qualified tax advisor for guidance specific to your situation.

Homeowners insurance typically helps protect your home, detached structures, personal belongings, personal liability exposures, and additional living expenses when a covered loss occurs. Coverage varies by policy and carrier.

Standard homeowners insurance policies generally do not cover flood damage. Flood insurance is usually purchased separately through the National Flood Insurance Program or private flood insurance carriers.

Sewer backup coverage is often available as an endorsement or optional coverage. Coverage varies by carrier and policy form, so it is important to review your policy carefully.

Replacement cost is based on the estimated cost to rebuild your home using similar materials and workmanship. It is not the same as market value, tax value, or purchase price.

No. Market value includes factors such as land value, location, school district, and real estate demand. Replacement cost reflects the estimated cost to rebuild the home after a covered loss.

Most homeowners policies include personal property coverage for furniture, clothing, electronics, appliances, and other belongings. Certain categories such as jewelry, firearms, collectibles, and cash may have special limits.

Yes. A home inventory can help document your belongings and simplify the claims process after a covered loss. Photos, videos, receipts, serial numbers, and appraisals can be helpful.

Most homeowners policies include personal liability coverage that may help protect you if someone is injured on your property or if you are found legally responsible for certain property damage or bodily injury.

If a tree falls on your home due to a covered cause of loss such as wind or lightning, homeowners insurance may help pay for repairs and debris removal subject to policy terms, limits, and deductible.

Claims activity is one of many factors insurance companies may consider when determining future premiums. The impact varies based on the type of claim, frequency of claims, carrier guidelines, and other underwriting factors.

Need Help With Home Insurance?

Our local team can help you compare homeowners insurance options and answer questions about coverage, replacement cost, deductibles, claims, and policy changes.

Get A Home Quote Call 812-337-7637