Homeowners Insurance 101

Who needs homeowners insurance?

• Everyone

• Someone who is looking to buy a home

• People who own homes and have a mortgage

• People who work from home

Homeowners insurance will cover damages to your car.

• True

• False

Homeowners insurance is only used to cover damages to your property.

• True

• False

How many types of home insurance policies are there?

• 4

• 8

• 7

• 19

What is the most common home insurance policy?

• HO-1

• HO-6

• HO-8

• HO-3

Which one would home insurance NOT cover?

• Earthquake damage
• Theft of personal belongings
• Rat infestation

• Burst Pipes

Homeowners insurance is NOT required by law.

• True

• Flase

Can homeowners insurance rates vary depending on the location of the home?

• Yes

• No

Can the age of your home affect your homeowners insurance rates?

• Yes

• No

What factor does NOT affect the cost of homeowners insurance?

• The home's construction material

• The owner's credit score

• The distance to the nearest fire station

• The color of the house