2MinuteQuote coverage guide
Home & auto insurance, explained.
Know what protects your home, your belongings and your time on the road. Explore the coverages you can discuss with your licensed insurance professional.
This guide describes common U.S. coverages, not a promise of coverage. Not every policy includes every protection. Your policy, endorsements, limits, deductibles and state rules determine what is covered.
The six core home coverages
These are commonly labeled A through F on a homeowners policy. Condo and renters policies have different structures.
Replacement cost, limits & deductibles
Replacement cost
The estimated cost to rebuild your home with similar materials and quality at today’s construction prices—not its sale price or land value. Your agent determines this amount at the time of your quote.
Coverage percentages
Some limits are a percentage of dwelling replacement cost. For a $300,000 replacement cost, 10% is $30,000. Extended replacement coverage adds a percentage above the dwelling limit. Actual cash value subtracts depreciation; replacement-cost settlement has its own conditions.
Your deductible
The amount you pay toward a covered claim. A percentage deductible is generally based on the insured dwelling amount, not the repair bill. Separate wind, hail or hurricane deductibles may apply; your agent can confirm the policy’s calculation.
Additional home protections
Some are endorsements; others require a separate policy.
What may not be covered
Common exclusions include flood, earthquake, routine wear and tear, neglect and many maintenance problems. Mold, pests and business activities may be excluded or limited. Water coverage depends on the cause; a sudden covered leak is different from flooding or sewer backup.
Review your policy with a real professional
Ask your agent which protections are included, what is excluded, how claims are settled and which deductibles apply. Your declarations page summarizes limits; the full policy and endorsements explain the terms.
Consumer resources: Washington insurance regulator’s home guide · Insurance Information Institute’s auto guide