Greenwood Home Insurance Checklist: What Every Homeowner Needs

Nate Jones, CPCU, ARM, CLCS, AU
1 day ago
2 min read

Owning a home in Greenwood, Indiana is a big investment—and protecting it with the right insurance is just as important. Whether you’re buying your first home or reviewing your current policy, this checklist will help you make sure you have the coverage you need.

1. Dwelling Coverage

This is the foundation of your policy. It covers the structure of your home against risks like fire, wind, and hail.Tip: Make sure your coverage equals the cost to rebuild your home—not just its market value.

2. Personal Property Protection

Your belongings matter. From furniture to electronics, personal property coverage ensures you’re reimbursed if items are damaged or stolen. Local Insight: Greenwood homeowners often underestimate replacement costs—do a quick inventory today.

3. Liability Coverage

Accidents happen. If someone is injured on your property, liability coverage protects you from lawsuits and medical bills. Pro Tip: Consider increasing limits beyond the minimum for better protection.

4. Additional Living Expenses

If your home becomes uninhabitable due to a covered loss, this coverage pays for temporary housing and meals. Why It Matters: Indiana winters can be harsh—burst pipes or storm damage could force you out temporarily.

5. Flood & Sewer Backup Coverage

Standard policies don’t cover flooding or sewer backups. Greenwood’s heavy rains make this add-on worth considering.External Resource: Check FEMA’s Flood Map Service Center to see if your home is in a flood zone.

6. Review Deductibles

Higher deductibles can lower premiums, but make sure you can afford the out-of-pocket cost if you file a claim.

Why This Checklist Matters

Gaps in coverage can lead to financial stress. Reviewing your policy annually ensures you’re protected against Greenwood’s unique risks—like severe storms and freezing temperatures.