Homeowners Insurance Coverages and Settlement Options

Foremost Insurance offers a variety of homeowners insurance products, so you can choose the coverage and settlement options that you want for your homeowners insurance.

Comprehensive Coverage

This provides coverage for most direct, abrupt and accidental physical losses that aren’t specifically excluded from your homeowners policy, subject to policy exclusions and conditions.

Liability Coverage

This provides coverage if you’re found legally responsible for an accident that causes injury to someone who doesn’t live in your home or causes property damage to another’s property, subject to policy exclusions and conditions.

Replacement Cost

If you purchase replacement cost coverage for your policy and your home is damaged by an insured loss, the settlement reflects the cost to replace the damaged property with new property of like kind and quality, without deduction for depreciation, subject to policy exclusions and conditions.

Coverage A Plus ^SM

For a covered total loss, you won’t need to pay more than your chosen deductible, even if the current construction costs to rebuild (with materials of like kind and quality) are more than the dwelling limit. Subject to policy exclusions and conditions. (Not available in all states or programs.)

Named Peril

This provides coverage for “perils” (fire, explosion, lightning, windstorm and hail damage) that are specifically named in your homeowners policy, subject to policy exclusions and conditions.

Actual Cash Value

If your home is damaged or destroyed by an insured loss, this covers the cost to replace or repair your damaged property, less allowance for depreciation, deterioration and obsolescence, subject to policy exclusions and conditions. (Not available in all states or with all policy types.)

Extended Replacement Cost

You can receive up to an additional 50% of the insured amount to replace your home in the event of a total loss by a covered peril (not available in all states or programs), subject to policy exclusions and conditions.

Guaranteed Rebuild

Coverage pays the cost to repair or replace the home without deduction for depreciation (less the deductible), even if that cost exceeds the amount listed in the policy, subject to policy exclusions and conditions. (Not available in all states or programs.)