Homeowners insurance basics

🏡 Homeowners Insurance Basics: Protect Your Home with First Resource Insurance Group

Your home is more than just a building—it’s where life happens. At First Resource Insurance Group, we understand how important it is to protect what matters most. That’s why we’re here to break down the essentials of homeowners insurance and help you find the right coverage for your needs.

🔍 What Is Homeowners Insurance?

Homeowners insurance is a policy that protects your home, personal belongings, and liability risks. It’s designed to cover unexpected events like fire, theft, vandalism, and certain natural disasters. Most mortgage lenders require homeowners insurance, but even if yours doesn’t, it’s a smart investment in peace of mind.

🛡️ What Does It Cover?

A standard homeowners insurance policy includes:

• Dwelling Coverage: Repairs or rebuilds your home if it’s damaged by a covered peril.

• Personal Property Coverage: Replaces belongings like furniture, electronics, and clothing.

• Liability Protection: Covers legal expenses if someone is injured on your property.

• Additional Living Expenses (ALE): Pays for temporary housing if your home becomes uninhabitable.

📋 Types of Policies

Policy Type	Best For	Coverage Scope
HO-1	Basic needs	Limited named perils
HO-2	Budget-conscious	Broader named perils
HO-3	Most homeowners	All perils except exclusions
HO-4	Renters	Personal property & liability
HO-6	Condo owners	Interior & personal property

💰 What Affects Your Premium?

Your insurance cost depends on:

• Home value and location

• Coverage limits and deductible

• Claims history

• Credit score

• Safety features (alarms, sprinklers)

💡 Tips to Save on Homeowners Insurance

At Firest Resource Insurance Group, we help clients save by:

• Bundling home and auto policies

• Offering discounts for security systems

• Advising on deductible strategies

• Reviewing coverage annually

📞 Let’s Talk About Your Coverage

Choosing the right homeowners insurance doesn’t have to be complicated. Our team at First Resource Insurance Group is here to guide you every step of the way.

Contact Us Today  

📍 Location: Lyndon, KY

📞 Phone: (502) 657-6320

🌐 Website: www.frigroupinc.com