Buying a home for the first time can be an exciting prospect. However, the process can be exceedingly complex, especially when it comes to securing homeowners’ insurance. The right information will help you rest assured that you and the home of your dreams are sufficiently covered, which is why First Insurance Company of Hawaii Ltd offers the following guide to its clients in Honolulu.

What Home Insurance Covers (and What It Doesn’t)

The first question many people when purchasing a homeowners’ policy for the first time is what exactly is covered. While coverages can range, in general, the home itself, your belongings, and any other structures on the property (such as a free-standing garage) are all covered under most policies. Home insurance also offers liability coverage, which is useful in the event someone is injured on your property, or your property causes damage to someone else’s.

Some occurrences may not be covered by your home policy. This includes flood damage, which is often provided by a separate policy. The same can be said of earthquakes or other types of ground movement that could damage your property (such as sinkholes). Maintenance and upkeep costs are also not covered by home insurance.

Additional Protections You May Need

Along with protection against flood and earthquake damage, there are other types of policies you can implement to protect your investment. Although your personal belongings may be covered, high-value items like jewelry or antiques could be excluded. In this case, you would need to implement an addendum to your existing policy. You can also get home business coverage, which would protect any equipment you use in the event of damage.

If you have questions about finding an appropriate homeowners’ insurance in Honolulu, the agents at First Insurance Company of Hawaii Ltd are ready to provide answers. More than a century of experience means this agency is full equipped to tackle even the most complex policy issues and also pledge to respond to claims in a timely manner. To receive a personalized insurance quote today, contact your independent agent. You may also visit FICOH online for more information on their insurance products.