Frequently Asked Questions

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Homeowners Insurance Frequently Asked Questions

Is flood insurance included with homeowners insurance?

Homeowners insurance will not cover floods.

How much does homeowners insurance cost?

Your home value and the amount of coverage you buy, for instance. These will have a big impact on the amount you will pay for your premiums.

How much is renters insurance?

Renters insurance is more affordable than you may think, in fact, some premiums are as low as $200 a year.

Do I need homeowners insurance to buy a home?

All things considered, you can own a home without homeowners insurance. However, if you finance your home, then your lender will most likely require the home to have insurance. We can help you find the cheapest home insurance policy before you commit to a purchase.

Can you include homeowners insurance in a mortgage payment?

A mortgage payment will not include homeowners insurance unless it’s escrowed.

Can homeowners insurance be tax deductible?

Your insurance premiums are not tax deductible. The only exception is if you are a property owner who then uses the home for business purposes.

Do I need an inventory of my belongings?

Inventories are not a requirement but may help a claims process run smoother.

Am I covered for earthquake damage?

Within a standard homeowners policy, there is no earthquake protection.

How often do I need to renew my home insurance policy?

You must renew your policy every year.

Can security systems and fire alarms reduce my premiums?

Yes, you may receive discounts for systems that reduce your home’s risk.

What are endorsements and do I need them?

Endorsements are add-ons you can put onto an insurance policy for extra coverage. They are not required for a policy but you can purchase them from a home insurance company if you’d like the extra protection.

More Information

Do you have a question about cheap homeowners insurance companies, raising your deductible, or comparing quotes? Our agents and customer service representatives are here to help with your homeowners insurance rate needs. Call us today at 1-888-949-6289 or visit your nearest Insurance Navy location. For your convenience, Insurance Navy’s open from 8 a.m. to 9 p.m. CST, 7 days a week.

Additionally, we can help you find a homeowners insurance quote right on this website via our quote tool. Whether you have coverage with Insurance Navy, Liberty Mutual or State Farm, you deserve the cheapest homeowners insurance rates around. Because we want to help you save money wherever possible, we offer our home insurance quotes completely free of charge.

By navigating our website, you can also inform yourself about many useful topics, such as coverage for repairing or replacing parts for your car after a crash, how to file a police report, and how a clean driving record can help you earn the lowest rates for coverage.

Lastly, we also have blogs that may help you with any questions you have. For instance, our blogs cover many different topics. rom how your credit score affects your homeowners insurance policy, to proper steps to take after Godzilla damages your car.

*Please review your own policy for details on homeowners insurance. Insurance coverage varies by contract.