Louisiana Department of Insurance Header with Commissioner James J. Donelon Follow us on Twitter Become a Fan on Facebook


Homeowners Insurance

Chances are your home is the single most expensive item you will ever purchase, and your most valuable investment. Homeowners insurance covers the structure of your home and your personal property, as well as your personal legal responsibility (or liability) for injuries to
others or their property while they are on your property. Most mortgage lenders require you to have insurance as long as you have a mortgage. Keep in mind that you’re covered only if the loss is caused by a peril your policy covers, so it is important to familiarize yourself with your policy.

Knowing exactly what is in your insurance policy will help to ensure that you will be protected if a loss occurs.  Homeowners insurance includes both property and liability coverage. It is purchased by those who own and occupy dwellings. There are several different homeowners forms with varying extent of coverage. Like other products you buy, homeowners insurance has a basic policy, a broad policy, and even deluxe policies. How much insurance costs depends on the company, the type of policy, and the additional coverage which you may add.

While severe weather disasters, fires and other unexpected events result in billions of dollars in damages each year, many consumers do not have an inventory of their possessions. Creating a simple home inventory helps you track what you own and what it is worth, making important insurance decisions easier.