Homeowners Insurance in Louisiana – How to Get the Best Rate

Homeowners Insurance in Louisiana – How to Get the Best Rate

As thousands of homeowners in New Orleans discovered after Katrina hit, you can lose everything you own if you don’t have homeowners insurance. Here’s how to get homeowners insurance in Louisiana at the best rate possible.

What Homeowners Insurance Covers

A homeowners insurance policy covers the following:

Your home – Homeowners insurance will pay to rebuild or repair your home after it’s been damaged or destroyed by fire, hail, vandalism, plumbing leaks, or acts of nature.

Your possessions – Homeowners insurance will pay to replace any personal property (clothing, furniture, appliances, etc.) that’s been stolen or damaged by fire, hail, vandalism, plumbing leaks, or acts of nature.

Additional Living Expenses – Homeowners insurance pays for your additional living expenses – hotel and restaurant bills – when your home is damaged or destroyed and you need to stay somewhere else while it’s being repaired or rebuilt.

Personal Liability – Homeowners insurance pays your and your family’s legal fees and court costs when you injure someone or damage their property.

What Homeowners Insurance Doesn’t Cover

Many New Orleans residents discovered all too late that standard homeowners insurance policies do not cover damage to your home caused by floods. If you live in a flood zone you need to purchase flood insurance. For