Homeowners Insurance Policy Limits. Umbrella insurance provides extra liability protection above the limits of your car and home insurance policies. Antiques, artwork and collectibles not only have coverage limits but in most cases a policy will only pay for the value of a similar item, not for their collectible value.
A homeowners insurance policy is designed to protect homeowners against certain perils. A good method of determining how much liability coverage you need is to ensure it's equal to or greater than your net income. Some insurance companies offer an extended, rather than a guaranteed, replacement cost policy.
Homeowners should take an inventory of belongings to gauge how much protection is needed for valuable items.
Homeowner's insurance is a type of insurance policy that covers a property owner in the event of losses or damages to the individual's home and assets within the home. Progressive offers some of the lowest premiums for homeowners insurance, but homesite insurance underwrites homeowners policies and not progressive. If you own a lot of valuable items, you might consider increasing your policy's limits or purchasing additional coverage for specific possessions. Perils covered by homeowners insurance.