Home Insurance

Do I Need Homeowners Insurance?

Homeowners insurance is not required by law in Pennsylvania. However, most banks and lenders require coverage at least equal to your mortgage amount.

When searching for a policy, it’s important to compare both coverage and price. Homeowners insurance protects your house, your personal property, and may also protect you against lawsuits if someone is injured on your property.

*Note: You are not required to purchase insurance from the company recommended by your lender.*

What Does Homeowners Insurance Cover?

Homeowners policies typically include several types of coverage that protect you against perils (the causes of potential loss, such as fire).

Dwelling Coverage – Pays for damage to your house and structures attached to it, including plumbing, electrical wiring, heating, and permanently installed cooling systems.

Other Structures Coverage – Covers detached structures like garages, sheds, fences, and guest houses.

Personal Property Coverage – Reimburses you for theft or damage to personal belongings such as furniture, appliances, electronics, lawn equipment, and clothing. Coverage also applies when belongings are outside your home.

Loss of Use Coverage – Covers additional living expenses, such as temporary housing and meals, if you cannot live in your home due to a covered peril.

Medical Payments to Others – Provides coverage for medical expenses if someone is injured on your property or by your pets.

Personal Liability – Protects you and household members (including relatives and dependents under 21) if you are found legally responsible for injury or property damage. This also extends to students under 24 enrolled full-time in school or college (with some exceptions).