Homeowners Insurance in Monroe LA
A home is a significant investment, and it’s important to protect it with the right insurance policy. At AIP Best Rate Insurance, our agents are committed to finding the right homeowners policy for your needs.
What Is Homeowners Insurance?
Homeowners insurance is a package policy that may provide financial protection for damages caused by covered risks, as well as liability coverage for third-party injuries or property damage. Coverage may vary per insurer, but a standard homeowners policy typically includes the following:
- Dwelling coverage may cover damage to home and attached structures like roof, windows and doors caused by fire, theft, vandalism and other covered perils.
- Liability coverage may help pay legal and medical expenses if you’re found responsible for someone else’s bodily injury or property damage.
- Personal property coverage may cover your belongings, such as furniture, appliances, electronics, and clothing, if they’re damaged or stolen.
- Additional living expenses (ALE) coverage may reimburse your food, shelter and other expenses if you’re forced to temporarily relocate due to a covered risk.
Do I Need Homeowners Insurance?
While homeowners insurance is not legally required in Louisiana, most mortgage lenders require proof of coverage before issuing a loan. Even if you’re not required to carry it, having homeowners insurance can protect you from significant financial loss in the event of damage or liability claims. Without it, you may have to pay for repair or replacement costs out of your own pocket.
How to Get Homeowners Insurance
Contact AIP Best Rate Insurance today to learn more or request a personalized quote.