What is Home or Property Insurance? 

Most individuals often lack the financial means to reconstruct their residences and replace all their belongings in the event of a disaster. With a home insurance policy, you can safeguard not only your property but also a portion of your personal possessions and yourself. Let’s dive into the 3 types of policies: Basic, Broad, and Special.

“Home is a place to relax. So, when you get home and let your guard down, we step up. Providing protection when and where you need it most. We’re proud to offer dependable home insurance policies. Get a homeowners quote online to start protecting your home, belongings, and peace of mind.” – Nationwide Mutual Insurance Company 

Homeowners Insurance

Basic Form


Coverages typically included:

  • Fire
  • Lightning
  • Windstorm/Hail
  • Explosion
  • Smoke
  • Vandalism
  • Aircraft/Vehicle Collision
  • Riot/Civil Commotion
  • Sinkhole Collapse
  • Volcanic Activity

Broad Form


Coverages include Basic Form policy + the following:

  • Burglary/Break-in Damage
  • Falling Objects 
  • Weight of Ice & Snow
  • Freezing of Plumbing
  • Accidental Water Damage
  • Artificially Generated Electricity

Special Form


All Unlisted Perils are COVERED:

  • Ordinance of Law
  • Earthquake
  • Flood
  • Power Failure
  • Neglect
  • War
  • Nuclear Hazard
  • International Acts

It’s crucial to thoroughly examine and discuss the specific policy form with your insurance agent. Take the time to review both the perils that are covered and those that are excluded from any property policy. Understanding the scope of risks that are included and those that are not is essential. Discovering gaps in your coverage after filing a claim can be a frustrating experience.

Jack Love Insurance Agency
9081 W Sahara Ave Ste 250
Las Vegas, NV 89117-4806

Homeowners insurance is not just a financial safeguard; it’s your peace of mind in the face of unexpected events. It’s the safety net for your home, belongings, and family. By understanding the intricacies of your policy, being proactive in assessing your coverage needs, and documenting your assets, you can ensure that your homeowners’ insurance serves as a strong foundation for a secure and worry-free home. Stay informed and protected and enjoy the peace of mind that comes with knowing your home is in safe hands.

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