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(upbeat music)

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Congratulations, you've just bought your first home.

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Being a first time homeowner is an exciting,

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life-changing moment.

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As with many life-changing moments, though,

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it can also present new risks.

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As a homeowner, you should reduce any risks

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to yourself and visitors.

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And here's a breakdown of how home insurance can help.

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Remember, no two homes are the same,

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so be sure to speak to your agent

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about a customized plan for your needs.

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Property insurance, which is part of home insurance,

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protects the physical structure of your home.

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It may protect other structures on your property too.

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Most policies will protect you

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from financial loss associated with fire, theft,

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vandalism, and storm damage, though not commonly flooding.

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If something happens to the structure of your home,

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call your agent to file a claim.

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Your policy will always list a maximum coverage allowance.

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This is the most your policy will pay

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for repairs or replacement of your home.

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Be sure the maximum coverage allowance is enough

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to replace your home, not just pay off the mortgage.

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Home insurance policies also protect

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what's inside your home.

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If you have high value items such as antiques,

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fine jewelry, or collectibles,

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you may need to get supplemental coverage for those.

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Liability insurance protects

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from claims made against you for negligence.

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For example, if someone gets hurt on your property,

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if you end up in court, liability insurance may help cover

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your legal events as well.

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Your agent will work with you to customize a plan

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to fit your unique needs.

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Be sure to update your plan each year and ask your agent

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about any discounts you may qualify for to save money.

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Contact your agent today.