The Best Homeowners Insurance Companies of 2022

The best homeowners insurance companies offer reliability, flexibility, and multiple coverage options to appeal to a wide range of homeowners.

By Karon Warren and Jeff Keleher | Updated Sep 21, 2022 12:58 PM and its partners may earn a commission if you purchase a product through one of our links.

The Best Homeowners Insurance Options


Purchasing a home is a major investment and one that should be protected to make the most of that investment. Unfortunately, homeowners never know when their home could sustain damage, whether it’s from a busted pipe, a fire, or a storm. Having a policy from one of the best homeowners insurance companies can provide the coverage needed to restore a damaged home to good condition.

Of course, homeowners want the best insurance coverage possible from a quality company they can trust. Finding the best home insurance company depends on each homeowner’s individual needs and preferences. Some people like to work directly with their insurance agent to find their ideal policy, while others prefer to research and purchase their homeowners insurance online. Customers may want to bundle their policy with other insurance products, or they may want to purchase specific add-on options to get the right amount of coverage. As such, it’s imperative for homeowners to research the best home insurance companies so they can find the right one for their specific needs.

  1. BEST OVERALL: State Farm
  2. RUNNER-UP: Amica
  4. BEST FOR BUNDLING: Nationwide
The Best Homeowners Insurance Options


What to Consider When Choosing the Best Homeowners Insurance

There are a number of factors for homeowners to consider when researching the best homeowners insurance companies. What does homeowners insurance cover with a standard policy? Do providers offer add-on policies to increase coverage? Can customers bundle homeowners insurance with their other existing insurance policies? Does the company have the financial strength to guarantee its policies? Do home insurance companies provide coverage in the customer’s location? Does the company have a reputation for providing great customer service? These are just a few questions that may need to be answered when shopping for the best homeowners insurance.

Coverage Area

One of the key factors insurance companies look at when pricing a homeowners insurance policy is the property’s location. Not every homeowners insurance company will cover every state in the country—and in some cases, availability will vary by ZIP code—so homeowners will want to first check that the policy they’re interested in is available where their home is located.

Homeowners insurance for properties in major cities often cost more than policies covering suburban homes. One reason for this is that homes in big cities generally have higher property values, so repairing or replacing the home is likely to be more expensive for the insurance company. That expense is passed onto the consumer in the form of higher premiums.

Homeowners who live in areas known for natural disasters such as tornadoes or earthquakes could pay higher rates since they face a greater risk of property damage. Homes located in high-crime areas that are at higher risk for theft also may be more costly to insure.

Quote Process

Not all home insurance quotes will be the same. Every insurance company looks at a number of factors such as age, location, and value of the home to determine how much a homeowners insurance policy will cost. To find the best rates, it’s important for homeowners to shop around and get a homeowners quote from multiple companies to determine which one best fits their needs.

It’s often recommended that customers provide the same information to each company, preferably on the same day, to yield comparable homeowners insurance quotes. In addition, keeping the terms of the homeowners insurance policy—amount of coverage, deductible, add-ons, etc.—the same can provide a more accurate comparison.

Different companies also offer different methods of getting a homeowners insurance quote, whether that’s online, over the phone, or in person with an agent. Agents will have extensive knowledge of the available policies and will be able to answer any questions that may arise, but visiting a branch office may not be the most convenient solution when looking to get a quote quickly. In that case, customers may give preference to companies that offer a quick online quote process.

Additional Policies

While homeowners insurance covers the structure and contents of the home, there are some specific types of damage that may not be included in a standard policy. For instance, customers living in areas prone to floods may need to take out a flood insurance policy in addition to their homeowners policy. This is true, too, for areas known for earthquakes. Homeowners may want to add an earthquake endorsement to their coverage, or take out a separate earthquake insurance policy to make sure they are covered if disaster were to strike.

Homeowners insurance also typically covers water damage due to a burst pipe, but what if the home is damaged by water from a sewer backup from the city’s water lines? Customers will likely need to purchase add-on coverage, such as water backup coverage, to pay for repairs. While some homeowners insurance policies will include loss of use as standard coverage, other policies may only offer this coverage as an additional endorsement. To determine whether this coverage is standard or additional, homeowners can contact their insurance agent.

Other add-on policies worth considering include homeowners insurance coverage to repair or replace the utility lines that run from the house to the street, coverage for repairs due to sinkholes, and coverage for scheduled personal property such as jewelry and antiques. Policyholders who conduct business activities on the property may need to purchase additional home business coverage. Identity theft coverage is another policy option that some companies offer as an endorsement. Finally, umbrella insurance can help cover liability above and beyond what the standard homeowners insurance policy covers.

Multi-Policy Discount

A great way for homeowners to save money on their home insurance cost is to bundle homeowners insurance with other policies from the same provider. Many home insurance providers offer discounts when customers purchase more than one type of insurance coverage from them. One of the most popular options is choosing one of the best auto and homeowners insurance bundles, which could save policyholders a significant amount of money on their insurance rates in some cases; the exact amount will vary by the provider and the customer.

Customers who don’t own a car may be able to get a multi-policy discount by bundling their homeowners insurance with other coverage such as umbrella insurance, term life insurance, or boat insurance. Bundling home and auto insurance or other types of policies also results in easier policy management because all policies are with the same company; this makes it easier to file claims or ask questions because the policyholder has one point of contact for all their coverage rather than a different contact for each type of insurance.

Actual Cash Value vs. Replacement Cost Coverage

Figuring out how much homeowners insurance policyholders need to cover replacement and repair costs can be more complicated than it might initially appear. Homeowners insurance reimburses policyholders for property damage using one of two values:

  • Actual cash value pays claims based on the depreciated value of the items, meaning what those items are currently worth, not what the policyholder paid for them or how much it would cost to replace them.
  • Replacement cost coverage pays claims based on how much it would cost to repair or replace the home or an item based on current pricing, rather than a depreciated value.

Because replacement cost coverage typically pays out a higher claim amount than actual cash value coverage, homeowners insurance policies with replacement cost coverage are usually more expensive. Homeowners will need to weigh the pros and cons of each type of coverage to determine which one is the best option for them.

AM Best Rating

When researching home insurance agencies, homeowners may want to look for companies that have good AM Best insurance ratings. AM Best is a credit rating agency that reviews insurance carriers to determine their financial strength and credit information. AM Best looks at a number of factors to evaluate each insurance company’s financial and risk management, and then assigns a letter rating between A++ and D, with A++ being the highest rating. This information provides some insight into a company’s ability to pay out claims to its policyholders.

Although a good AM Best rating does not guarantee a company’s performance, it is an indicator of the service quality policyholders may expect to receive. Combining an AM Best rating with other tools such as Better Business Bureau ratings and customer reviews could help prospective customers decide whether a particular homeowners insurance company is right for them.


Reviewing customer complaints for home insurance agencies can provide insight into how reliable the company is when paying out claims, as well as how responsive and supportive the company’s customer service may be. A good resource for checking customer complaints is the National Association of Insurance Commissioners (NAIC), which maintains a Company Complaint Index. Prospective customers can enter the insurance company name, type of insurance, and the state they live in to pull up the Complaint Index Report.

Another source to review customer satisfaction is J.D. Power, which uses consumer insights, data, and other tools to evaluate a company in relation to its competitors. Each year, it issues rankings through its U.S. Home Insurance Study, which lists the top companies for homeowners insurance. Homeowners can use this as a resource when comparing different insurance providers.

Our Top Picks

What defines the best homeowners insurance companies depends on an individual’s needs. Some homeowners may want a company that checks most boxes—such as a large coverage area, strong financial rating, and user-friendly quote process—or some may prefer a company with a specific strength or area of expertise.

Best Overall

The Best Homeowners Insurance Option: State Farm

Why It Made the Cut: Highly rated for financial strength and customer satisfaction, State Farm typically offers lower pricing than the national average.

State Farm touts that it offers great rates for everyone, and the company backs that up with pricing for its policies that typically is lower than the national average. To further reduce costs, State Farm homeowners insurance customers may be able to take advantage of a variety of discounts, including bundling, roofing, and home security discounts. Although these discounts are not always available in all locations, eligible customers could save up to $1,127 each year on multi-policy bundles. Customers are encouraged to work with a local agent to determine exactly which discounts they might qualify for.

State Farm has a strong history of being reliable—as evidenced by its A++ AM Best financial strength rating—and providing excellent customer satisfaction, per the NAIC. Plus, it offers other insurance products such as car and life insurance, so customers can work with one company for all of their insurance needs. State Farm’s website is also easy to use and navigate, helping customers quickly find online resources and policy information when necessary. This helps alleviate frustration at a time when emotions might be high, such as when the home has sustained damage and the homeowner is trying to make an insurance claim.


  • Coverage area: 48 states and Washington, D.C.
  • Quote process: Online, phone, or through an agent
  • Additional policies: Vehicle, life, umbrella, health, small business
  • Multi-policy discount: Up to $1,127 per year
  • AM Best rating: A++


  • Prices typically fall below national average
  • A++ AM Best rating
  • User-friendly and easy-to-navigate website
  • Excellent customer satisfaction ratings


  • Discounts may not be available to every homeowner


The Best Homeowners Insurance Option: Amica

Why It Made the Cut: With a claims process that is simple and efficient, Amica has been awarded the highest customer satisfaction rating by J.D. Power.

Offering coverage nationwide (with the exception of Alaska and Hawaii), Amica ranks high for customer satisfaction on account of its reliable claims processes and good customer service. When purchasing homeowners insurance from Amica, customers may note that a standard homeowners policy also includes credit card coverage, which pays up to $500 if their credit cards or bank cards are stolen and used for unauthorized purchases. This helps give customers peace of mind that they would be protected if they found themselves in this unfortunate situation.

Although online quotes are not available for all policies in every location, Amica’s online experience excels in other ways. For instance, customers could get a discount for receiving policy information and billing statements electronically instead of by mail. Other potential discounts include multi-policy, autopay, loyalty, and claim-free discounts, which could help customers lower the cost of insurance. Amica’s straightforward claims process is a standout feature as well, allowing policyholders to file insurance claims with ease.


  • Coverage area: 48 states and Washington, D.C.
  • Quote process: Online or phone
  • Additional policies: Vehicle, life, umbrella, small business
  • Multi-policy discount: Up to 30 percent
  • AM Best rating: A+


  • Awarded highest customer satisfaction rating by J.D. Power
  • Standard credit card coverage for homeowners insurance policyholders
  • Simple and efficient claims process


  • Online quotes not available for all policies

Best for Home and Auto

The Best Homeowners Insurance Option: Allstate

Why It Made the Cut: Allstate offers a competitive 25 percent discount when customers bundle home and auto insurance—in addition to several other bundling options and customizable policy terms.

Available nationwide, Allstate offers a lot of flexibility to customize homeowners insurance, particularly if customers are willing to work with an agent who can tailor a policy to their specific needs. Before talking with an agent, customers will also find free resources on the company’s website, so they can research the coverage needed ahead of time and make an informed decision on their policy terms.

Rates on Allstate homeowners insurance may be higher than those of its competitors, but the company’s multi-policy discount of up to 25 percent—available with home, vehicle, and umbrella insurance—could help to make those rates more affordable. Additional discounts for switching and staying with Allstate, setting up automatic payments, signing up before current coverage expires, and paying premiums on time could further reduce insurance costs.


  • Coverage area: 50 states and Washington, D.C.
  • Quote process: Online, phone, or through an agent
  • Additional policies: Vehicle, life, umbrella, small business, pet, travel
  • Multi-policy discount: Up to 25 percent
  • AM Best rating: A+


  • Generous 25 percent multi-policy discount for bundling policies
  • Ability to bundle multiple policy types
  • Ability to customize plans by working with an agent
  • Many free resources available on provider website


  • Prices may be higher than those of competitors

Best for Bundling

The Best Homeowners Insurance Option: Nationwide

Why It Made the Cut: Thanks to a wide variety of insurance products, Nationwide offers up to 20 percent off when customers bundle their homeowners insurance with other coverage, which can make rates quite affordable.

Nationwide’s multi-policy discount of up to 20 percent can help homeowners save money on all their insurance needs, especially since the company offers several types of coverage like identity theft and personal injury protection. In addition, Nationwide’s On Your Side review gives customers the opportunity to review their policy with an agent once a year and check that they have the right coverage for their needs. This review could result in additional savings if customers find that they no longer need certain coverage options.

Although Nationwide’s J.D. Power customer satisfaction rating is relatively low, the company offers a standout quote experience with its straightforward quote tool. Prospective customers can feel confident in the accuracy of their Nationwide homeowners quote when comparing different options. While the company’s mobile app is geared more toward auto insurance than homeowners insurance, customers can still file a homeowners claim in the app if they wish.

Policyholders also have the option to bundle multiple policies with their homeowners insurance, potentially reducing the cost of coverage while also making it easier to manage their insurance policies by working with one company.


  • Coverage area: 43 states and Washington, D.C.
  • Quote process: Online or through an agent
  • Additional policies: Vehicle, life, umbrella, pet, travel, dental, personal injury protection, identity theft
  • Multi-policy discount: Up to 20 percent
  • AM Best rating: A+


  • Ability to bundle multiple policy types
  • Annual review and policy reassessment service
  • Thorough and straightforward online quote process


  • Mobile app is geared toward auto insurance
  • Relatively low overall customer satisfaction rating by J.D. Power

Best Digital Experience

The Best Homeowners Insurance Option: Lemonade

Why It Made the Cut: Lemonade is ideal for those who prefer to manage their homeowners insurance policies online, from getting quotes to filing and tracking a claim.

Offering homeowners insurance to residents in 23 states and Washington, D.C., Lemonade is tailor-made for those who like to skip the agent and handle their insurance purchase and management online. Although extra coverage options are somewhat limited, Lemonade does offer the basic policies that most customers need (such as vehicle and life insurance). To make policy management easier, customers can change their policy terms at any time with the company’s dedicated mobile app, with changes effective immediately.

Because Lemonade is a digital-focused company, live agent support is unavailable, but customers may prefer the convenience that comes with managing their insurance needs entirely online. For those who choose companies based on their civic and environmental commitments, Lemonade could be an ideal match. The company currently holds a B Corp Certification, indicating high ethical, social, and economic standards. In addition, the Lemonade Giveback program donates any unclaimed insurance premiums left over at the end of the year to the charity of the customer’s choice. In 2021, the company donated more than $2.3 million through the Lemonade Giveback program.


  • Coverage area: 23 states and Washington, D.C.
  • Quote process: Online
  • Additional policies: Vehicle, life, pet
  • Multi-policy discount: Yes
  • AM Best rating: Not rated


  • Simple online quote and claims processes
  • Ability to change coverage instantly via the Lemonade app
  • Company has high social and environmental standards
  • Leftover money from customers’ premiums is donated to charity


  • No option to speak to a live agent
  • Limited extra coverage options

Best for Discounts

The Best Homeowners Insurance Option: NJM

Why It Made the Cut: NJM offers certain coverage that is not typically included with basic homeowners policies, so customers may be able to get the right coverage for their needs without purchasing add-on endorsements.

Available in Connecticut, Maryland, New Jersey, Ohio, and Pennsylvania, NJM prides itself on routinely providing great customer service. The company ranked No. 1 in customer satisfaction for auto insurers in the Mid-Atlantic region by J.D. Power.

NJM offers specialty coverage as part of its standard homeowners insurance, including water backup, ordinance coverage (which covers rebuilding a home to current building codes), and guaranteed replacement cost coverage. As a result, NJM customers may be able to reduce their insurance costs by getting expanded coverage without paying for extra endorsements. Customers may also lower their rates by taking advantage of several discount opportunities, including discounts for installing smoke detectors, impact-resistant window panes, and backup power supplies.

Although NJM’s mobile app only supports auto insurance, customers can still manage their homeowners insurance policies online easily. The company stands out by offering the option of adding coverage for damage due to mold, mildew, or dry rot, which is not a typical add-on policy for this type of insurance. This way, customers can expand their coverage to better meet their homeowners insurance needs, which in turn gives them peace of mind that they’ll be covered if their home sustains damage.


  • Coverage area: 5 states
  • Quote process: Online or phone
  • Additional policies: Vehicle, umbrella
  • Multi-policy discount: Yes
  • AM Best rating: A+


  • Multiple unique discounts available
  • Available add-on policy for mold, mildew, or dry rot
  • Standard water backup coverage
  • Standard replacement cost coverage for personal belongings


  • Only available in 5 states
  • Mobile app is geared toward auto insurance

Best for Military Members

The Best Homeowners Insurance Option: USAA

Why It Made the Cut: Available nationwide, USAA consistently ranks high for customer satisfaction, financial security, and affordable rates, earning an A++ rating from AM Best.

With rates that are typically less than the national average, USAA coverage may be an affordable option for eligible homeowners. USAA membership is limited to service members, veterans, and their eligible family members, but it offers these members exclusive benefits that can help reduce the cost of their homeowners insurance. For instance, the company offers rate discounts to members who use ADT home security systems. In addition, policyholders can further increase their savings by taking advantage of a multi-policy discount that saves up to 10 percent on home and auto bundles.

Customers who choose USAA homeowners insurance will find that they may need to contact customer support over the phone or manage their policies online since live agent support is unavailable. The company’s policies are anything but limited, though, as a standard homeowners insurance policy includes identity theft coverage, providing even more value for policyholders.

While homeowners coverage may not be available in all ZIP codes, it’s worth nothing that USAA currently holds an A++ rating from AM Best—the highest rating possible—due to its superior financial health. Customers can feel confident that the company will be able to continue meeting its financial obligations as an insurance company—in particular, paying out insurance claims.


  • Coverage area: 50 states and Washington, D.C.
  • Quote process: Online or phone
  • Additional policies: Vehicle, life, umbrella, health, pet, travel
  • Multi-policy discount: Up to 10 percent
  • AM Best rating: A++


  • Available discount for using ADT home security systems
  • Standard identity theft coverage
  • Prices typically fall below national average
  • A++ AM Best rating


  • USAA membership limited to service members and their families
  • No option to consult agents in person
  • Homeowners insurance coverage may not be available in all ZIP codes

Our Verdict

We chose State Farm for Best Overall because of its nationwide availability, financial strength, and affordable pricing. We chose Amica as the Runner-Up because of its affordable rates, efficient claims process, and extensive standard coverage.

How We Chose the Best Homeowners Insurance

To determine the best homeowners insurance, we reviewed companies for financial strength using AM Best ratings and customer satisfaction using J.D. Power rankings. We also looked at the various standard and optional coverage options that boosted the value of basic homeowners insurance, as well as available discounts that could make policies more affordable.

We prioritized companies with large coverage areas that can provide insurance to a wide customer base. Quote and claims processes were considerations as well since these interactions can have a major impact on the overall customer experience. In particular, a streamlined claims process could make it easier for customers to file a claim and receive a payout more quickly.

Before You Buy a Policy From One of the Best Homeowners Insurance Companies

When shopping for the best homeowners insurance, it’s important to note that not every company featured in this guide will be suitable for every homeowner. That’s why it’s important to research not only coverage options and rates for homeowners insurance, but also to review factors such as coverage areas, how policies can be purchased (i.e. by phone, online, or through an agent), and other available insurance products in the event customers want to bundle multiple policies together. These additional factors could be essential in narrowing down the available options and finding the best homeowners insurance coverage for a household’s specific needs, which can vary tremendously from one homeowner to the next.

Cost of the Best Homeowners Insurance Companies

“How much is homeowners insurance?” is the first question that comes up for many customers when shopping for the best homeowners insurance. It’s important to look at all factors that may impact the total cost of homeowners insurance coverage. For instance, homeowners may want to review the available discounts to determine which ones they qualify for and how much they could save on their premiums. Deductibles can also affect insurance costs, as a higher deductible usually results in a lower premium. Comparing both rates and available discounts could make some homeowners insurance companies more affordable than others, even if they initially seem more expensive. For homeowners considering a multi-policy discount, it’s important to make sure the additional coverage required for the discount is something they actually want and need before adding it.

The value and condition of the property may affect the homeowners insurance cost as well. Older homes built with with expensive materials may be more costly to repair or replace if damaged by a covered peril, and insurance companies may charge higher rates as a result. In a similar vein, older roofs may be more expensive to insure than ones that have been recently replaced, since there is a higher likelihood that the homeowner will need to make a claim. In addition, homes with higher replacement values may require higher coverage limits, increasing the cost of insurance.

Other risk factors, like owning certain dog breeds or having a wood-burning stove on the premises, could result in higher insurance premiums. Homeowners may be able to reduce their insurance rates by taking steps to minimize risk—installing home security or fire safety devices, for instance.

The only way for homeowners to definitively know what their homeowners insurance cost will be is to get quotes from the best homeowners insurance companies and compare them to determine which fits best within their budget while offering all the coverage they need for their home.

The Advantages of Buying Homeowners Insurance

Having insurance is the best way to protect the investment homeowners have made in their property. It also can provide much-needed protection in the event the home is damaged by a covered peril or the homeowner is liable for the accidental injury of others. In addition, many mortgage lenders require homeowners insurance as part of their mortgage lending agreement, so purchasing homeowners insurance will ensure compliance. The best homeowners insurance companies offer several benefits to boost the value of their coverage for homeowners:

  • Standard coverage to protect against damage caused by fire, storms, and other covered perils.
  • Personal property coverage to help repair or replace the homeowner’s belongings if they are damaged by a covered peril or stolen.
  • “Other structures” coverage to insure additional structures on the property, including detached garages, tool sheds, and fences.
  • Loss of use coverage to pay living expenses if homeowners are unable to stay on the premises during covered repairs.


Shopping for homeowners insurance can be confusing, especially for first-time homeowners. It’s important for homeowners to know exactly what homeowners insurance is and what it does and does not cover so they can get the right coverage to suit their needs. Answering some of the most common questions people have about homeowners insurance can help demystify this topic and enable homeowners to make more informed decisions about their insurance selection.

Q. What does homeowners insurance cover?

Homeowners insurance provides coverage to repair or rebuild the policyholder’s home if it sustains damage by such events as a natural disaster or fire. It also pays to repair or replace personal property if it is damaged by a covered event, and can cover extra living expenses if the homeowner is required to relocate while repairs are being completed.

Q. What doesn’t homeowners insurance cover?

Homeowners insurance does not typically cover damage resulting from certain natural disasters such as earthquakes, hurricanes, sinkholes, and floods. Other notable exclusions may include sewer backups, damage due to homeowner neglect, or intentional damage such as arson. Homeowners can often take out add-ons, also called endorsements, to their coverage to help pay for things like water backups or expensive jewelry theft. Additional policies to cover disasters such as floods and earthquakes may also be an option for homeowners who live in high-risk areas.

Q. Is homeowners insurance mandatory?

Although there is no mandatory requirement to purchase homeowners insurance, mortgage lenders will more than likely require borrowers to purchase homeowners insurance as part of their mortgage loan agreement. Even if the homeowner doesn’t have a mortgage, purchasing homeowners insurance can help protect their investment if disaster were to strike, making it a smart purchase.

Q. Does homeowners insurance cover flooding and storm damage?

Although standard homeowners insurance typically covers certain storm damage resulting from perils such as lightning and hail, it does not typically cover floods. Instead, homeowners would need to get quotes from the best flood insurance companies through the National Flood Insurance Program. Depending on their location, the homeowner may be required to purchase flood insurance to protect their home.

Q. Does homeowners insurance cover fire damage?

Yes, most homeowners insurance policies cover fire damage as long as the fire is not deliberately set by the policyholder. This includes smoke damage to the home.

Q. Does homeowners insurance cover earthquake damage?

While standard homeowners insurance does not cover earthquake damage, insurance companies may offer earthquake damage coverage through an add-on policy. The best earthquake insurance companies may offer this type of coverage as a dedicated policy as well. Homeowners who live in areas at high risk for earthquakes will want to strongly consider this additional coverage to help protect them if an earthquake causes damage to their home.

Q. Does homeowners insurance cover termite damage?

Homeowners policies typically do not cover termite damage because providers view this type of property damage as preventable rather than accidental or incidental. That being said, there may be instances where homeowners insurance covers termite damage—for example, if a covered peril directly causes an infestation. Homeowners can ask their insurance agent to determine exactly what will be covered, and how much.

Q. Does homeowners insurance cover plumbing?

Homeowners insurance covers plumbing issues in certain circumstances, such as burst pipes, but not others. Problems stemming from poor maintenance, failed sump pumps, storm surges, or floods, among other issues, are typically not covered by a standard homeowners insurance policy. Homeowners may be able to extend their coverage to insure additional plumbing-related issues by purchasing extra endorsements.

Q. Does homeowners insurance cover roof repair or replacement?

Homeowners insurance covers roof damage for specific perils—for instance, a tree falling over during a storm and creating a hole in the roof. Preventable issues—such as property damage caused by pest infestations—and problems stemming from wear and tear or poor maintenance are typically not covered by homeowners policies.

Q. Does homeowners insurance cover theft?

Although there are caveats to consider, homeowners insurance covers theft in many instances. It’s worth noting that some policies may reimburse policyholders for the depreciated value of their belongings rather than the true cost to replace those possessions. Policy limits will also determine how much money policyholders may receive from a theft-related claim, and certain high-value items like jewelry may have sub-limits that impact payouts.