Your lender will require homeowners insurance before closing. Here's what you need to know to protect your investment and find the right policy.
A standard homeowners policy protects you in six key areas.
Pays to repair or rebuild your home if it's damaged or destroyed, including attached structures like garages and decks.
Covers detached structures on your property like sheds, fences, detached garages, and workshops.
Protects your belongings — furniture, electronics, clothing, and more — if stolen or damaged. Consider replacement cost coverage for full value.
Covers additional living expenses — temporary housing, food, and mileage — if your home becomes uninhabitable during repairs.
Covers legal and medical costs if someone is injured on your property or if you accidentally damage someone else's property. Typically starts at $100,000.
Pays for minor injuries to guests on your property regardless of fault — typically $1,000 to $5,000 per person. No lawsuit required.
Standard policies exclude these risks. Separate coverage is available.
Requires a separate earthquake policy — important for Washington State.
Flood insurance must be purchased separately, often through the NFIP.
Requires a “difference in conditions” policy for coverage.
Usually available as an add-on endorsement to your standard policy.
Smart steps to find the right coverage at the right price.
Get quotes from at least three companies. Premiums can vary significantly between insurers for the same coverage.
Replacement cost pays to repair or replace at today's prices. Actual cash value deducts depreciation — meaning you'll get less for older items.
A higher deductible lowers your premium, but make sure you can afford to pay it out of pocket if you need to file a claim.
Many insurers offer discounts of 10–25% when you bundle homeowners and auto insurance together.
Document your belongings with photos and receipts. Store in a fireproof safe or cloud backup. This speeds up the claims process significantly.
Washington is in a seismically active zone. Earthquake insurance is not included in standard policies and must be purchased separately.
The WA Office of the Insurance Commissioner offers free consumer guides and a helpline to answer your questions.
Common questions about homeowners insurance.
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Licensed Insurance Agent · Comparion Insurance Agency
Stephanie specializes in home, auto, and life insurance and works closely with first-time home buyers in the Puget Sound area. She's bilingual, responsive, and makes the insurance process simple and stress-free.
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