Buying a home is one of the biggest investments you’ll make in your lifetime. Home is where your heart is, and where you build your memories. But, what happens when the unexpected occurs? This is where home insurance comes in. In this article, we’ll explore everything you need to know about home insurance with Progressive.
What is Home Insurance?
Home insurance is a contract between you (the homeowner) and an insurance company. In exchange for a premium payment, the insurance company will provide financial protection for your home and its contents from different perils, such as fire, theft, and weather-related incidents. Home insurance can also provide liability protection against accidents that occur on your property.
At Progressive, we offer a range of home insurance policies to fit your needs. Our policies include:
Policy Name |
Coverage |
|---|---|
Standard Home Insurance |
Protection for your home, personal property, and liability coverage |
Renters Insurance |
Protection for renters who don’t own a home but want to protect their personal belongings |
Condo Insurance |
Protection for condo owners who want to protect their personal property and their portion of the building shared with other owners |
Mobile Home Insurance |
Protection for mobile or manufactured homes |
Flood Insurance |
Protection for homes in high-risk flood areas |
Standard Home Insurance
Our Standard Home Insurance is a comprehensive policy that covers your home, personal property, and liability coverage. This policy provides coverage for damage caused by:
- Fire and smoke
- Theft
- Windstorm and hail
- Water damage from plumbing, heating, and air conditioning systems
- Explosion
- Vandalism
- Falling objects
- Collapse of a building
With our Standard Home Insurance policy, you can customize the coverage to meet your specific needs. We offer several types of coverage, including:
- Dwelling coverage
- Personal Property coverage
- Liability coverage
- Additional Living Expenses coverage
- Medical Payments coverage
Dwelling Coverage
Dwelling coverage protects the physical structure of your home. This includes the walls, roof, floors, and foundation. With our Standard Home Insurance policy, we offer coverage for damage caused by several perils, such as fire, theft, and windstorm.
In addition, we also offer additional coverage options, such as:
- Extended Replacement Cost coverage
- Guaranteed Replacement Cost coverage
- Actual Cash Value coverage
Extended Replacement Cost coverage provides up to an additional 25% of the insured value of your home to rebuild your home if the cost exceeds the policy limit. Guaranteed Replacement Cost coverage provides additional coverage that will cover the cost to rebuild your home, no matter the cost. Actual Cash Value coverage provides coverage for the actual cash value of your home, which takes depreciation into account.
Personal Property Coverage
Personal Property coverage protects your personal belongings, such as furniture, clothing, and electronics. With our Standard Home Insurance policy, we offer coverage for damage caused by several perils, such as fire, theft, and windstorm.
In addition, we also offer additional coverage options, such as:
- Replacement Cost coverage
- Actual Cash Value coverage
Replacement Cost coverage provides coverage for the cost to replace your personal property with new items of similar kind and quality. Actual Cash Value coverage provides coverage for the actual cash value of your personal property, which takes depreciation into account.
Liability Coverage
Liability coverage provides financial protection if someone is injured on your property, or if you’re held responsible for damage or injury caused to someone else’s property. With our Standard Home Insurance policy, we offer liability coverage up to $500,000.
In addition, we also offer additional coverage options, such as:
- Umbrella Coverage
Umbrella Coverage provides additional liability protection on top of your existing coverage limits.
Additional Living Expenses Coverage
Additional Living Expenses coverage provides coverage for additional costs you incur if you’re unable to live in your home due to a covered loss. This includes expenses such as hotel bills, restaurant meals, and other living expenses. With our Standard Home Insurance policy, we offer coverage up to a certain limit.
Medical Payments Coverage
Medical Payments coverage provides coverage for medical expenses incurred by anyone who is accidentally injured on your property, up to a certain limit.
Renters Insurance
Renters Insurance is a policy designed for renters who don’t own a home but want to protect their personal belongings. With our Renters Insurance policy, we offer coverage for damage caused by:
- Fire and smoke
- Theft
- Windstorm and hail
- Water damage from plumbing, heating, and air conditioning systems
- Explosion
- Vandalism
- Falling objects
- Collapse of a building
With our Renters Insurance policy, you can customize the coverage to meet your specific needs. We offer several types of coverage, including:
- Personal Property coverage
- Liability coverage
- Additional Living Expenses coverage
- Medical Payments coverage
Personal Property Coverage
Personal Property coverage protects your personal belongings, such as furniture, clothing, and electronics. With our Renters Insurance policy, we offer coverage for damage caused by several perils, such as fire, theft, and windstorm.
In addition, we also offer additional coverage options, such as:
- Replacement Cost coverage
- Actual Cash Value coverage
Replacement Cost coverage provides coverage for the cost to replace your personal property with new items of similar kind and quality. Actual Cash Value coverage provides coverage for the actual cash value of your personal property, which takes depreciation into account.
Liability Coverage
Liability coverage provides financial protection if you’re held responsible for damage or injury caused to someone else’s property. With our Renters Insurance policy, we offer liability coverage up to $500,000.
In addition, we also offer additional coverage options, such as:
- Umbrella Coverage
Umbrella Coverage provides additional liability protection on top of your existing coverage limits.
Additional Living Expenses Coverage
Additional Living Expenses coverage provides coverage for additional costs you incur if you’re unable to live in your rental due to a covered loss. This includes expenses such as hotel bills, restaurant meals, and other living expenses. With our Renters Insurance policy, we offer coverage up to a certain limit.
Medical Payments Coverage
Medical Payments coverage provides coverage for medical expenses incurred by anyone who is accidentally injured on your rental property, up to a certain limit.
Condo Insurance
Condo Insurance is a policy designed for condo owners who want to protect their personal property and their portion of the building shared with other owners. With our Condo Insurance policy, we offer coverage for damage caused by:
- Fire and smoke
- Theft
- Windstorm and hail
- Water damage from plumbing, heating, and air conditioning systems
- Explosion
- Vandalism
- Falling objects
- Collapse of a building
With our Condo Insurance policy, you can customize the coverage to meet your specific needs. We offer several types of coverage, including:
- Dwelling coverage
- Personal Property coverage
- Liability coverage
- Loss Assessment coverage
- Additional Living Expenses coverage
- Medical Payments coverage
Dwelling Coverage
Dwelling coverage protects the physical structure of your condo unit. This includes the walls, roof, floors, and foundation. With our Condo Insurance policy, we offer coverage for damage caused by several perils, such as fire, theft, and windstorm.
In addition, we also offer additional coverage options, such as:
- Extended Replacement Cost coverage
- Guaranteed Replacement Cost coverage
- Actual Cash Value coverage
Extended Replacement Cost coverage provides up to an additional 25% of the insured value of your condo to rebuild your unit if the cost exceeds the policy limit. Guaranteed Replacement Cost coverage provides additional coverage that will cover the cost to rebuild your unit, no matter the cost. Actual Cash Value coverage provides coverage for the actual cash value of your unit, which takes depreciation into account.
Personal Property Coverage
Personal Property coverage protects your personal belongings, such as furniture, clothing, and electronics. With our Condo Insurance policy, we offer coverage for damage caused by several perils, such as fire, theft, and windstorm.
In addition, we also offer additional coverage options, such as:
- Replacement Cost coverage
- Actual Cash Value coverage
Replacement Cost coverage provides coverage for the cost to replace your personal property with new items of similar kind and quality. Actual Cash Value coverage provides coverage for the actual cash value of your personal property, which takes depreciation into account.
Liability Coverage
Liability coverage provides financial protection if someone is injured on your condo property, or if you’re held responsible for damage or injury caused to the common areas of the building shared with other condo owners. With our Condo Insurance policy, we offer liability coverage up to $500,000.
In addition, we also offer additional coverage options, such as:
- Umbrella Coverage
Umbrella Coverage provides additional liability protection on top of your existing coverage limits.
Loss Assessment Coverage
Loss Assessment coverage provides coverage for any assessments charged to you by the condo association due to a covered loss that exceeds the condo association’s policy limits.
Additional Living Expenses Coverage
Additional Living Expenses coverage provides coverage for additional costs you incur if you’re unable to live in your condo due to a covered loss. This includes expenses such as hotel bills, restaurant meals, and other living expenses. With our Condo Insurance policy, we offer coverage up to a certain limit.
Medical Payments Coverage
Medical Payments coverage provides coverage for medical expenses incurred by anyone who is accidentally injured on your condo property, up to a certain limit.
Mobile Home Insurance
Mobile Home Insurance is a policy designed for mobile or manufactured homes. With our Mobile Home Insurance policy, we offer coverage for damage caused by:
- Fire and smoke
- Theft
- Windstorm and hail
- Water damage from plumbing, heating, and air conditioning systems
- Explosion
- Vandalism
- Falling objects
- Collapse of a building
With our Mobile Home Insurance policy, you can customize the coverage to meet your specific needs. We offer several types of coverage, including:
- Dwelling coverage
- Personal Property coverage
- Liability coverage
- Additional Living Expenses coverage
- Medical Payments coverage
Dwelling Coverage
Dwelling coverage protects the physical structure of your mobile or manufactured home. This includes the walls, roof, floors, and foundation. With our Mobile Home Insurance policy, we offer coverage for damage caused by several perils, such as fire, theft, and windstorm.
In addition, we also offer additional coverage options, such as:
- Extended Replacement Cost coverage
- Guaranteed Replacement Cost coverage
- Actual Cash Value coverage
Extended Replacement Cost coverage provides up to an additional 25% of the insured value of your mobile or manufactured home to rebuild your home if the cost exceeds the policy limit. Guaranteed Replacement Cost coverage provides additional coverage that will cover the cost to rebuild your home, no matter the cost. Actual Cash Value coverage provides coverage for the actual cash value of your home, which takes depreciation into account.
Personal Property Coverage
Personal Property coverage protects your personal belongings, such as furniture, clothing, and electronics. With our Mobile Home Insurance policy, we offer coverage for damage caused by several perils, such as fire, theft, and windstorm.
In addition, we also offer additional coverage options, such as:
- Replacement Cost coverage
- Actual Cash Value coverage
Replacement Cost coverage provides coverage for the cost to replace your personal property with new items of similar kind and quality. Actual Cash Value coverage provides coverage for the actual cash value of your personal property, which takes depreciation into account.
Liability Coverage
Liability coverage provides financial protection if someone is injured on your mobile or manufactured home property, or if you’re held responsible for damage or injury caused to someone else’s property. With our Mobile Home Insurance policy, we offer liability coverage up to $500,000.
In addition, we also offer additional coverage options, such as:
- Umbrella Coverage
Umbrella Coverage provides additional liability protection on top of your existing coverage limits.
Additional Living Expenses Coverage
Additional Living Expenses coverage provides coverage for additional costs you incur if you’re unable to live in your mobile or manufactured home due to a covered loss. This includes expenses such as hotel bills, restaurant meals, and other living expenses. With our Mobile Home Insurance policy, we offer coverage up to a certain limit.
Medical Payments Coverage
Medical Payments coverage provides coverage for medical expenses incurred by anyone who is accidentally injured on your mobile or manufactured home property, up to a certain limit.
Flood Insurance
Flood Insurance is a policy designed to protect homes in high-risk flood areas. With our Flood Insurance policy, we offer coverage for damage caused by floods.
Most home insurance policies do not cover damage caused by floods. To protect your home from flood damage, you need a separate flood insurance policy.
With our Flood Insurance policy, you can customize the coverage to meet your specific needs. We offer several types of coverage, including:
- Dwelling coverage
- Personal Property coverage
- Liability coverage
- Increased Cost of Compliance coverage
Dwelling Coverage
Dwelling coverage protects the physical structure of your home from flood damage. This includes the walls, roof, floors, and foundation.
In addition, we also offer additional coverage options, such as:
- Replacement Cost coverage
- Actual Cash Value coverage
Replacement Cost coverage provides coverage for the cost to replace your home with new items of similar kind and quality. Actual Cash Value coverage provides coverage for the actual cash value of your home, which takes depreciation into account.
Personal Property Coverage
Personal Property coverage protects your personal belongings from flood