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What does liberty mutual home insurance cover?
I am buying my first condo (yay!) and am looking into homeowners insurance. Since I already have my car insurance with Liberty Mutual, I thought I would look at their home insurance first. What does Liberty Mutual homeowners insurance cover?
Rachel Juillerat · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
- Personal property
- Personal liability
- Dwelling coverage
- Loss of use
If these sound like a lot of terms you don’t know, don’t worry. Personal property offers you financial support if your personal belongings (think furniture, appliances, electronics) are damaged by a
covered peril
. You typically have two options for financial support: actual cash value
(ACV) or replacement value. ACV calculates depreciation, whereas replacement value
will help you cover the cost of buying a replacement item regardless of depreciation.Personal liability offers financial and legal support if someone is injured on your property or if their personal property is damaged at your condo. It also offers financial support if someone decides to sue you as a result of an injury or sustained damage.
Dwelling coverage and loss of use go hand in hand. Both offer financial support if your home is damaged, but they pay out differently. Dwelling coverage covers costs to repair or replace your property (windows, siding, etc.), whereas loss of use helps pay for temporary lodging and associated expenses if your condo becomes uninhabitable due to a covered loss.
There’s a lot to
homeowners insurance
, so if you need someone on your side to answer questions, Jerry’s
agents are here to help. They’ll also help you find the best prices on home insurance by comparing quotes from the top providers. View full answer
- Gregory R.
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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