Legacy Inurance Agency - Home



There are several basic types of home insurance that offer different levels of coverage. Each type of home insurance policy provides coverage for certain perils. A peril is the particular event that causes the damage or destruction of the home. Some types of home insurance policies will name the perils specifically, and others will exclude them. What you need out of home insurance depends on your home and what you want to cover. Read below to understand what is included across different types of home insurance coverage.

Basic coverage

This insurance only covers damage to the dwelling as a result of 10 listed perils, and does not include homeowners personal liability insurance. Therefore, if you're sued by someone who slips on your property, your insurance company won't defend you in court or pay the plaintiff if you are found to be at fault. If you have a mortgage, you would not buy this type of insurance as it would not provide you adequate protection to insure your home. The ten perils the Home Insurance Policy will protect your home and belongings from are:  

1.Fire or Lightning  

2.Wind storm or Hail 


4.Riot or Civil Commotion  


6.Vehicles (unless caused by the insured)   


8.Vandalism or Malicious Mischief

9.Theft (limit of liability on HO-1 is usually $1,000)  

10.Volcanic Eruption

Broad Coverage Policy

This policy is sometimes called the broad coverage policy. This is similar  to the Special Form Policy listed below because it covers the dwelling (house) and other structures (detached garage, fence), but it insures against only specifically named perils. The policy includes more perils than basic coveraqe and offers homeowners personal liability coverage. The sixteen perils that your home and belongings are protected from with the  Broad Coverage Policy are:  

1.Fire or Lightning  

2.Wind storm or Hail  


4.Riot or Civil Commotion  

5.Aircraft  6.Vehicles  


8.Vandalism or Malicious Mischief


10.Volcanic Eruption  

11.Falling Objects  

12.Weight of Ice, Snow, or Sleet

13.Accidental Discharge or Overflow of Water or Stream  

14.Sudden & Accidental Tearing Apart, Cracking, Burning, or Bulging


16.Sudden & Accidental Damage from Artificially Generated Electrical Current

Special Form Poicy

This policy insures your home and detached structures against loss or damage from any peril except for those specifically excluded in the policy. This is the policy most homeowners purchase. It is important for you to read your policy carefully to see what is excludedâ€"you may want to cover exclusions with special home insurance riders. The contents of your home are only covered against listed perils, so be sure to read that list in your policy. This policy also includes liability coverage. If the damage to your home is not caused by something on an exclusion list, then you have coverage. 

Renters Insurance

This is the only insurance policy designed for renters. It is however, part of the homeowner's policy group. It is known as the tenant homeowner's policy as well as the Contents Broad Form policy, and it covers only the contents of the home and personal liability for the insured tenant. The policy also covers additional living expenses if a renter is displaced due to a covered loss, medical payments to others, as well as the liability protection.

Dwelling & Contents - HO 5

This coverage is one of the best home insurance policies available in the United States. It provides excellent coverage for the dwelling itself and for the contents of your home. It is an open perils policy, which means it only lists the perils the policy does not cover. If your home and/or personal property are damaged by something that is not on the exclusion list, then you have insurance coverage. This policy provides the most extensive coverage that is offered. It is one of the most elite home insurance policies available to homeowners.

Condominium Insurance

This insurance covers a condominium owner who wishes to insure items not insured by the association policy, as well as the personal property inside the unit. This condo insurance focuses on contents and is similar to Renters insurance because the policy holder does not own the structure the unit is in. This policy includes liability insurance as well, which means you'll be covered if someone is injured in your unit and wants to sue. It also is a name peril policy and it covers against sixteen named perils. This protection covers both your dwelling and your personal property.

Legacy Insce Agency - Home


Homeowners Insurance can help you protect many different aspects of your home such as the physical structure of your home, the belongings inside your home and the cost of medical expenses for a person injured on your property. Most policies include some standard policy coverage, but you can also select from many optional types of coverage to help protect the things that are important to you. Please call us for help understanding what different types of homeowners’ insurance coverage are available to help you protect.  


Taking the time to understand what types homeowners insurance coverage are included in your policy can help you understand what it protects. Most home insurance policies include standard coverage, like: 

· Dwelling (home structure)
This type of insurance is what can help protect the physical structure of your home, like the walls and the roof. 

· Other structures
This type of insurance can help protect the physical structure of buildings on your property that are separate from your home, such as a shed or a stand-alone garage. 

· Personal Property

Personal property coverage can help protect the belongings inside your home, which can include belongings like furniture, bicycles, stereos and more. If these belongings are stolen or damaged outside of your home, personal property coverage could also help you replace them.

 · Liability Protection
Liability insurance can help protect you if someone makes a claim against you or sues you for damages after being injured on your property.  · Guest medical protection
This type of coverage can help cover the cost of medical expenses for a person who's injured on your property.  

· Additional protection
Standard homeowners’ policies include additional protection. One example of this is reimbursed living expenses coverage, which can help cover increased living costs like hotel stays in the event your home is uninhabitable after a covered loss.  


Renters Insurance

 If you live in a rented apartment, condominium or home, you need to protect yourself and your space from the unexpected. Because your landlord’s insurance policy doesn’t cover your belongings, renters insurance is a smart choice for safeguarding yourself in the event of theft, sewer backup damage, hurricanes and more.  With renters insurance, you can customize a policy that suits your lifestyle and budget.

Condo insurance

If you own a condominium, you may be wondering if you need coverage. Condominium insurance provides protection for the parts of your condo that you are responsible for and your belongings. In the event of theft, natural disasters and other types of covered damage, our insurance carriers will be there.