Homeowners' insurance is a form or personal lines insurance. The typical homeowners policy has two main sections:
When actual cash value is used in a policy, a policy owner is entitled to the depreciated value of the damaged property.
When replacement cost coverage is used in a policy, a policy owner is reimbursed an amount necessary to replace the article with one of similar type and quality at current prices.
Coverage C of a homeowners policy provides named perils coverage. This applies to all of your personal property (except property that is specifically excluded).
Direct damages due to earthquakes are not covered under the standard homeowners insurance policy. If you live in an area that is prone to earthquakes, you may want to consider adding an earthquake endorsement to your homeowners insurance policy. This endorsement will cover damages due to earthquakes, landslides, volcanic eruptions, and other earth movements.
If your property lies in a flood plain as determined by US Government Flood Maps. Ask your independent agent about a flood quote.