Frequently Asked Questions


Is flood insurance included with homeowner’s insurance?

Homeowner’s insurance will not cover flood insurance.

How much does homeowner’s insurance cost?

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

How much is renters insurance?

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

Do I need homeowner’s insurance to buy a home?

All things considered, you can own a home without homeowner’s insurance. However, if you finance your home, then your lender will most likely require the home to have insurance.

Is homeowner’s insurance included in a mortgage payment?

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

Is Homeowners insurance 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?

A standard homeowner’s policy does not include earthquake protection.

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

You must renew your policy every year.

Can security system and fire alarms reduce my premiums?

Yes, you may receive discounts for system 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.

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

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