Jeffrey Wade
Progressive offers homeowners insurance that covers damage to your home's structure, belongings, and assets, as well as personal liability. You can get a free quote online by providing basic information about your home, such as its type, age, and location. Progressive also offers discounts for bundling home and auto insurance policies, and you can save even more by purchasing multiple policies together. It's important to note that homeowners insurance doesn't cover natural disasters like floods, earthquakes, landslides, or sinkholes, and general wear and tear may not be covered either.
| Characteristics | Values |
|---|---|
| Types of home insurance | Homeowners, condo, and renters insurance |
| Discounts | Average of 5% when bundling home and auto insurance, discounts for quoting 10 days in advance, having a burglar alarm, fire alarm, security system, or camera in your home |
| Exclusions | Floods, earthquakes, landslides, mudslides, sinkholes, general wear and tear |
| Coverage | Damage from water that backs up, overflows, or discharges from sewers, drains, sump pumps, etc., damage to house and attached structures, damage to belongings, personal liability, medical payments coverage to others, temporary living expenses, theft, damage from fire, severe weather, and other covered perils |
| Quote | Online, over the phone, or with an agent |
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What You'll Learn
Homeowners insurance coverage options
Dwelling Coverage
This type of coverage pays for damage to your house and structures permanently attached to it. For example, if a windstorm damages your roof, dwelling coverage may cover the cost of repairing or replacing it.
Other Structures Coverage
This includes detached garages, gazebos, patios, sheds, pergolas, fences, and driveways. If any of these structures are damaged or destroyed, other structures coverage can help pay for repairs or replacement.
Personal Property Coverage
Personal property coverage protects your belongings, such as furniture, clothes, and electronics. If these items are stolen, damaged, or destroyed in a covered loss, this type of coverage will help pay for their replacement.
Loss of Use Coverage
If your home becomes uninhabitable due to a covered loss, loss of use coverage can help pay for additional living expenses. This includes costs for temporary housing, food, and other expenses above what you would normally pay.
Personal Liability Coverage
Personal liability coverage protects you if someone is injured or their property is damaged on your premises. It can help cover medical payments and legal fees in the event of a lawsuit.
Additional Coverage Options
Progressive also offers additional coverage options, such as water backup coverage, which protects against damage caused by water backup from sewers, drains, or sump pumps. You can also purchase endorsements or riders to increase coverage limits on valuable items like jewelry, art, and collectibles.
It's important to note that homeowners insurance typically does not cover floods, earthquakes, landslides, mudslides, or sinkholes. If you live in an area prone to these risks, you may need to purchase separate flood insurance or earthquake insurance policies. Additionally, general wear and tear, such as an old roof that needs replacement, is usually not covered.
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Discounts on homeowners insurance
Homeowners insurance can be expensive, but there are many ways to lower your premiums. Here are some of the most common discounts offered by insurance carriers:
New Home Discounts
Some insurance carriers offer discounts for homes built within the past 10 years. These homes are usually up-to-code and less likely to experience damage, so insurers consider them lower-risk.
Safety and Security System Discounts
Many insurance providers offer incentives for homeowners who install safety and security systems. These include burglar and fire alarms, smoke and carbon monoxide detectors, gas leak detectors, deadbolts on exterior doors, and sprinkler systems. Some insurance companies even partner with certain smart device companies to offer additional incentives and free devices.
Multi-Policy Discounts
One of the most common discounts is the multi-policy discount. If you buy multiple insurance policies, such as home and auto insurance, from the same company, you could receive a discount for bundling these policies. Some home and auto insurance bundles can save you up to 25% off premiums.
Claims-Free Discounts
Most insurance companies offer discounts to customers who go without filing a claim for several years. The longer you go without making a claim, the higher the discount. However, once you do file a claim, the discount usually ends.
Prior Insurance Discounts
Some insurance carriers offer loyalty discounts to customers who have been with them for a long time. If you're switching insurers, ask if they can match your previous insurer's loyalty discount.
Paid-in-Full Discounts
Some insurance companies offer discounts to customers who pay their premiums upfront for the year instead of opting for monthly payments.
In addition to these common discounts, there are other ways to save on homeowners insurance. For example, some insurers offer discounts based on the customer's age, occupation, or military service. You may also be able to get a discount for signing up for electronic statements or autopay. Finally, it's always a good idea to shop around and compare quotes from different insurers to find the best rates and discounts.
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Exclusions and limitations
- Flood damage, including damage from storm surges, overflowing rivers, or heavy rainfall leading to water entering your home from the ground.
- Earthquakes, landslides, mudslides, sinkholes, and other earth movements are typically excluded.
- Damage from pests or vermin, including insects and rodents, is generally not covered.
- Mold, fungus, and wet rot are usually excluded unless caused by a covered peril, such as a burst pipe.
- Damage from normal wear and tear, deterioration, or lack of maintenance is typically the homeowner's responsibility.
- There may be sub-limits on certain personal property items, such as jewelry, watches, art, and collectibles, with coverage only up to specific limits.
- Damage or liability related to home-based businesses may be excluded.
It is important to note that you can often purchase endorsements or additional policies to cover some of these excluded risks. For example, you can buy separate flood insurance or earthquake insurance policies, or add endorsements for risks like sewer backups or mold remediation. Consulting with an experienced agent can help you customize your coverage and address any gaps.
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How to get a quote
Progressive offers homeowners insurance that protects your home's structure, belongings, and assets. You can get a free quote online, over the phone, or with an agent. Here's how to get a quote:
Online Quote
Progressive's HomeQuote Explorer tool allows you to get a quote online 24/7. You can access your policy by logging into your Progressive account, and they will direct you to your home insurance provider. To get a quote, you will need the property's address and basic information about the home, such as the type and age of your home and roof. You can often see your rates and coverages in minutes, and you can make changes to your policy at any time.
Phone Quote
You can also get a quote over the phone by calling 1-855-347-3939 to speak with a licensed home insurance representative. They can help you understand the different types of homeowners insurance and find the best coverage for your needs.
Agent Quote
If you prefer to work with an agent, you can contact a local Progressive agent or insurance broker in your area. They can help you navigate the different coverage options and ensure you get the right protection for your home.
Discounts
Remember that Progressive offers various discounts that can lower your rate. For example, you can get a discount for quoting at least ten days in advance of your policy start date, having a burglar alarm, fire alarm, security system, or camera in your home, or purchasing a new home. Additionally, Progressive offers a multi-policy discount when you bundle your home insurance with other policies, such as auto, renters, motorcycle, or RV insurance.
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Types of homeowners insurance policies
There are several types of homeowners insurance policies, each with its own unique coverage and protections. Here are the eight main types:
- HO-1: This is the most basic type of homeowners insurance, offering limited coverage. It protects your home's structure against specified perils, such as fire, lightning, windstorms, and hail, but does not include liability or personal property coverage. HO-1 policies are not available in most states, and many mortgage companies won't accept them as proof of home insurance.
- HO-2: This policy covers all the perils listed on a basic form, plus additional perils such as falling objects, accidental damage, and the weight of ice, snow, or sleet. HO-2 policies also cover personal property and, in some cases, personal liability. However, they are not very common and only accounted for a small percentage of single-family home insurance policies in 2021.
- HO-3: The most common type of homeowners insurance, offering expansive coverage. HO-3 policies safeguard your home's structure against all perils except those specifically excluded, such as earthquakes and floods. They also cover damage to belongings from named perils and provide personal liability coverage.
- HO-4: Also known as renters insurance, this policy is designed specifically for tenants. It does not cover the building's structure but provides coverage for personal belongings, loss of use, and liability.
- HO-5: The most comprehensive form of homeowners insurance, offering the highest level of protection. HO-5 policies cover your home, personal belongings, liability, additional living expenses, and medical payments for others. They also offer higher coverage limits and fewer restrictions on perils.
- HO-6: A type of coverage designed specifically for condo owners.
- HO-7: A policy for those who own a mobile home.
- HO-8: This type of insurance is for older properties that cost more to rebuild than their market value. HO-8 policies include coverage for dwelling, personal property, liability, additional living expenses, and medical payments.
It's important to note that the availability and specifics of each policy type may vary depending on your location and insurance provider. Additionally, homeowners insurance policies typically do not cover floods, earthquakes, landslides, mudslides, or sinkholes. Separate coverage may be required for these events.
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Frequently asked questions
You can get a homeowners insurance quote online with Progressive 24/7. You can also call 1-855-347-3939 to speak to a licensed home insurance representative. Once you have your quote, you can log in to your Progressive account and add your new policy.
Standard homeowners insurance includes coverage for your house, other structures on your property, your belongings, personal liability, and medical payments coverage to others. It also covers temporary living expenses while your home is being rebuilt or repaired due to a covered loss. You can also add endorsements to your policy, such as coverage for damage from water backup or coverage for more expensive items like jewelry and art.
There are several ways to save money on your Progressive homeowners insurance. You can bundle your homeowners insurance with another policy, such as auto, renters, or condo insurance, to receive a multi-policy discount. You can also receive discounts for having safety features like alarm systems, automatic sprinklers, and security systems in your home. Additionally, paying for your 12-month policy upfront, receiving your policy documents via email, and shopping for a quote in advance can all help you save money on your Progressive homeowners insurance.
