Louisiana homeowners insurance

The HO3 Louisiana home insurance policies we offer include:

• Coverage for your dwelling, other structures, and your belongings.

• Loss of use coverage that can pay for additional living expenses if a covered claim makes your home uninhabitable during repairs.

• Personal liability coverage to protect you if you’re held responsible for another person’s bodily injury or property damage.

• Medical payment coverage that may help pay for someone’s immediate medical bills if they’re injured on your property.

Your policy covers your home for all damage except the perils explicitly excluded in the policy. That means you’re covered for hurricane damage and more.

Flood insurance is available as an endorsement, but it’s not part of your standard home insurance policy. If you’re eligible for coverage, you can simply add it by selecting the endorsement in your online quote or asking your agent for help.

You can save on your homeowners insurance if:

• Your home has a hip-shaped roof.

• You’re a new homebuyer.

• You have a clean claims history.

• Your home has wind mitigation features, like opening protection, IBHS designation, or was built 2006 or later.

Read more about Louisiana wind mitigation.

And here are some of the best ways to save even more money on homeowners insurance:

• Choosing a higher deductible. This will lower your premium, but you will pay more out of pocket when you need to make a claim. Never take on a deductible you can’t comfortably afford.

• Improving your insurance score. This has a big impact on insurance rates. Simply paying your bills on time and not carrying a large balance on your credit cards can boost your score quickly.

• Shoring up your home’s wind defenses. Louisiana requires home insurance companies to offer insurance discounts for wind mitigation. Reinforcing your roof and installing impact-resistant windows can significantly reduce your insurance bill.

Homeowners insurance isn’t required in Louisiana by state law, but if you have a mortgage, you’re often required to have it. Your mortgage lender requires homeowners insurance for two reasons:

• To protect their investment. Homeowners insurance ensures you can pay your remaining mortgage even if a natural disaster destroys the home.

• To keep you from paying for a destroyed home you can’t repair. The requirement is good for you, too – imagine repaying a mortgage for a home you can’t afford to rebuild.

If you live in a FEMA-designated high-risk flood zone and have a federally backed mortgage, you’re required to have flood insurance, too.

Even if you own your home outright, home insurance is still a wise investment to protect your property from natural disasters, accidents, and theft.