Homeowners Insurance in Albany, CA: Most Frequently Asked Questions

Most policies can cover your home’s structure, personal property and liability. This means if your home is damaged, your property is stolen or a guest is injured in your home, your policy may offer compensation. There are also numerous add-ons you can include in your policy beyond these standard offerings.

A standard homeowners policy typically excludes damage from water intrusion (e.g., flooding) and earth movement (e.g., earthquakes); however, coverage for such events may be available as policy add-ons. Additionally, in California, there may be limitations when it comes to wildfire coverage. Review your policy with your broker to understand exactly what’s covered and excluded.

The price of your home insurance policy is often influenced by various characteristics. Your home’s replacement cost, unique features, attractive nuisances (e.g., swimming pools), location, security system and past claims history may all factor into your premium cost. The coverage limits you choose will also affect your overall cost.

Saving on homeowners insurance can involve many different strategies. For example, bundling home coverage with your car or life insurance policies could lead to savings; keeping a clean claims history may also help. Adjusting your deductible is another potential option. In California, updating your home with fire-resistant features and materials may also help you reduce your premiums.

Generally, home insurance is not a legal mandate; however, it may be required in some situations. If you have a mortgage, your lender can require certain levels of homeowners insurance; a homeowners association may also require coverage.