Liability Exposures for Homeowners

Home ownership is a huge deal in the world of adulthood. Buying your first home or relocating to a new location brings a new experience with potentially unlimited new memories. As you consider protecting your investment, comparing home insurance quotes CT agencies offer is one way to ensure you have the best coverage.

The cost of insurance should be affordable, but it should serve the purpose of protecting each area of liability. For many Americans, it is their home ownership that presents the biggest liability, and for many, a liability means huge cost. If you don’t look at actual risks associated with accidents or property damage, the liabilities- or costs- associated with your house can include:

  • Mortgage interest
  • Mortgage principal
  • Maintenance
  • Renovations
  • Taxes
  • HOA fees
  • Utilities
  • Landscaping or lawn maintenance

The cost of home insurance will vary by state, neighborhood and your specific home. Things that will be considered include the value of your home from a construction perspective and the value of the contents of your home if they were all to be destroyed. Home insurance quotes CT brokers will offer also take into account the value of all your assets if someone were to win a liability lawsuit against you. Check with your local agencies for more specific details on the amount you will pay for coverage.