Aca home insurance corp

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Best Homeowners Insurance Frequently Asked Questions (FAQs)

Who has the cheapest home insurance?

Based on our analysis, the cheapest home insurance companies are Progressive, Nationwide, Erie, USAA and State Farm. Those are good starting points, but the cheapest home insurance for you will vary depending on your location and the type of house you’re insuring. Shop around for a few home insurance quotes. And if you’re also getting car insurance quotes, ask about a discount for bundling auto and home insurance with the same company.

What does homeowners insurance cover?

Homeowners insurance covers your house, other structures on your property like a detached garage, personal property like furniture and clothing, liability insurance, additional living expenses and medical payments coverage. HO-3 is the most common type of homeowners insurance policy and it covers your house for any problems except those specifically excluded in the policy. It additionally covers personal property for specific problems named in the policy, such as fire, theft and smoke damage.

How do I file a homeowners insurance claim?

Contact the home insurance company or your insurance agent to file a home insurance claim over the phone, through the company’s website, chat, email or app, depending on the company. You want to document the loss by providing information about the cause, when it happened and a list of what was lost. If your home was damaged, you should try to prevent more damage, such as boarding up a broken window. We wouldn’t suggest fixing the problem before contacting your insurance company. The insurer may want to send an adjuster to observe the damage. You should also keep damaged items so the insurer can document. Once the insurance company is done with its investigation, the insurer will offer a claims payout.

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Deputy Editor, Insurance

Les Masterson is a deputy editor and insurance analyst at Forbes Advisor. He has been a journalist, reporter, editor and content creator for more than 25 years. He has covered insurance for a decade, including auto, home, life and health. Before covering insurance, Les was a news editor and reporter for Patch and Community Newspaper Company and also covered health care, mortgages, credit cards and personal loans for multiple websites.

Home Insurance Expert

George Hosfield is senior director and general manager of home insurance solutions at LexisNexis Risk Solutions. In this role, he manages all aspects of the personal lines property business, including overall strategy, profitable growth, new product development and partnerships. He is responsible for several industry-leading data solutions, including LexisNexis® Rooftop and LexisNexis® Current Carrier Property®.

George has been with LexisNexis for more than 20 years, working in a variety of operational and strategic roles in both the LexisNexis Legal & Professional and LexisNexis Risk Solutions divisions.

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