Home Coverages Explained

Homeowners Coverages and Discounts

Whether you’re buying insurance for the first time or looking to get better coverage than you currently have, you want a homeowners policy that meets your needs. You also want to get the best rate available for the coverage you need. By being an informed shopper, you improve your chances of securing the best coverage at the best price. However, you need to know where to shop for insurance, what questions to ask, and other info before you get started. 

Sherrye LaCour Insurance is here to inform you so you can make an educated decision on your homeowners coveage.

Home Insurance Is a Wise Investment

Mortgage lenders usually require home (or homeowners) insurance, and it’s a wise investment anyway. We make it easy to get a quote. But first, let’s talk about the types of coverage that are included in a standard home insurance policy.

Types of Homeowners Coverage

Standard homeowners insurance policies usually include six types of coverage.

Coverage Type

Typical Amount


Dwelling — Protects the structure of your house, like the walls and roof.


Enough to rebuild your home


Liability Proptection — Pays if you injure someone or cause property damage, either accidentally or through neglect.


$100,000 – $500,000


Personal Property (aka “Contents”) — Protects furniture and other things inside, even if it’s stolen or damaged outside your house.


50% – 70% of dwelling coverage


Additional Living Expenses — Covers increased costs if cannot live in your home after a covered loss.



20% of dwelling coverage


Other Structures — Covers separate structures on your property like a fence, shed or detached garage.


10% of dwelling coverage


Medical Payments, aka Guest Medical Protection — Pays medical costs for somebody who gets injured on your property.


$1,000 – $5,000 

Optional coverages may be available, including features such as identity theft protection, water backup, service lines, and scheduled valuables such as art, jewelry, guns, furs, etc. Note that standard home policies typically don’t cover flood damage. 

What Is Flood Insurance?

Flood insurance is fairly complex. In simple terms, it covers many damages (both inside and outside your home) caused by a flood. 

There’s almost a 25% chance that you’ll experience a flood in your 30-year mortgage period, so it’s important to understand flood insurance.

At Sherrye LaCour Insurance, our specialties include flood insurance, and much more. Contact us to sign up.

How to Go About Choosing Coverage

We advise you to choose a coverage limit based on the estimated cost to rebuild your home—not its current market value or purchase price. 

If you insure your home for less than what it costs to rebuild it, you might have to pay thousands in out-of-pocket costs if it’s destroyed. That’s why it helps to work with an agent who will make sure your policy has enough coverage.

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Find the Best Homeowners Insurance

Sherrye LaCour Insurance is proud to serve homeowners in  MS, LA, TX and TN. The best way to get quotes is to work with an agency who understands the market. We have access to the top-rated home insurance companies in your area. Not only do we provide fast quotes, but we also give you the personalized service that you don’t get if you go through the carrier directly! Don’t wait. Call (601) 286-8230 or fill out our form to get started.