Coverage Requirements
California doesn’t require homeowners insurance by law, but if you finance your home, your lender may require you to have a homeowners insurance policy in place. Your policy’s coverages are designed to safeguard your property and assets.
Keep in mind coverage under your policy is subject to exclusions and conditions within your policy. It is important to read your policy to understand the coverage provided.
Coverage Definitions
Dwelling
Protects home structure (e.g roof, walls) and attached structures (e.g. porch).
Other structures
Protects detached structures (e.g. fence, shed)
Personal property
Protects your personal belongings, including furniture, clothing, and electronics. Certain items, like jewelry, art, and collectibles, are often only covered up to a specific limit, so you may want to purchase an endorsement to schedule these items on your policy at the coverage amount needed, also known as “adding a rider.”
Personal liability
Protects you financially if you’re legally responsible for another person’s injuries or damage to their property.
Medical payments
Financial coverage for medical expenses incurred by others that you are responsible for and are covered under your policy.
Loss of use
Covers costs associated with an increase in living expenses if the homeowner is unable to stay in the home while it’s being repaired or rebuilt due to a covered loss (policy limits apply).