Homeowners insurance provides financial cover if your house gets damaged due to a fire, theft, vandalism, and even natural factors like lightning, storms, and wind. Besides covering the cost of repairs, it may cover legal and health expenses if someone is injured on the property during such events. The benefits, however, differ from plan to plan. This article lists the top five homeowners insurance providers in our country and what their plans cover.

Nationwide
Nationwide is a top-rated insurance company offering services throughout the country except for four states. Its homeowners insurance plans cover repairs or rebuilding costs of furniture and other structures like fences or sheds. During repairs, the company pays for hotel stays and meals. If someone sustains an injury within your property, it also covers legal expenses, damages, and health expenses. Further, you can get a replacement of damaged belongings, roof replacement, identity theft, water backup coverage, and coverage for jewelry, art, and high-value items. Nationwide’s USP, however, is its ordinance or law insurance that covers the cost of repairing or upgrading your home in case of new laws. It offers comprehensive coverage and ease of filing claims and has an easy-to-use website.

Chubb
Chubb’s homeowners insurance offers substantial and extended replacement coverage for your house and belongings, making it suitable for expensive homes. If the cost of rebuilding after a disaster is more than you expected, Chubb will pay more than the policy limits to cover the cost. Its home insurance policy covers upgraded appliances, flooring, carpentry, water or oil leaks, custom cabinets, fine art, and jewelry. The company’s representatives carry out a fair valuation and provide immediate coverage for new items. Add-on coverages include tree removal, computer data restoration in case of a virus, and lock replacement if you lose your keys. Chubb has a presence in all 50 states.

USAA
USAA caters to members of the country’s armed forces, veterans, and their families. Its standard homeowners insurance covers your home, outbuildings, furniture, and other possessions damaged by fire, natural disasters (except for floods and earthquakes), theft, and vandalism. You can buy coverage for floods at an additional cost. It pays for health expenses and injury if anyone is hurt on your property, and if the house becomes inhabitable, it pays for your living expenses. The plans also cover credit card expenses if you are a victim of identity theft. Since USAA works for the armed forces, it offers the replacement of military uniforms. It also has bundled insurance that reduces monthly costs significantly.

Lemonade
Although less than a decade old, Lemonade is famous for digitized claim processing through its website and app. Yes, the plans are more expensive than many other providers, but Lemonade offers comprehensive coverage for your property. Its homeowners insurance covers damages to your house and other structures on the property, like a shed or garage. It protects from losses due to natural calamities like earthquakes and windstorms and even fires caused by accidents. Health expenses are covered if an individual is injured during these events. As add-ons, you can opt for extra coverage for theft, loss, or damage to valuables like art, jewelry, bicycles, musical instruments, cameras, and electronics. Services are available in about 22 states.

The Hanover
Available in 20 states, The Hanover is known for customizing homeowners insurance policies as per the customers’ needs. You can choose from three packages depending on what you want to insure. The Hanover’s homeowners policies cover repairs and rebuilding charges of your home, furniture, and unattached structures. They also cover the replacement of personal belongings and hotel stays and meals during repairs. The company pays more than the insurance cost to rebuild your house as a part of specific plans. In case of power outages, The Hanover pays for the cost of spoiled food. It also covers lock replacement, water backup, identity coverage, and coverage for high-value items like art, jewelry, and firearms.

It is crucial to compare multiple plans before finalization. Most standard homeowners insurance cover clothing, furniture, and some possessions. However, you would need a better policy to cover the garage, shed, barns, swings, walls, grills, or recreational equipment.