Your home is a significant investment. Hence, picking the best homeowners insurance that you can find truly makes sense. Look for one that has a reasonable price, adequate coverage, and an assurance that they can afford to pay the claim if and when the disaster strikes. In addition, a provider with reliable customer support is also a plus. So, which are the best homeowners insurance companies? Read on to find out more.

Top 4 homeowners insurance policies and what they cover

Lemonade
Lemonade is almost entirely online and is one of the top homeowners insurance companies. You can manage your policy or file claims directly via their website or app. On the other hand, if there is a home emergency, which disrupts your internet access, you can also reach out to them via phone. Their plans will cover damage to your home and damage to other structures on the property, such as a garage or shed. In addition, any damage or theft is also included. Also, if for any reason, say windstorm or fire, your home becomes unlivable, someone at home gets injured or needs medical care (usually up to $5000), that, too, will be covered by the insurance plan. An added coverage, sans a deductible for expensive belongings, such as musical equipment, camera equipment, or jewelry, is also available.

Allstate
Allstate has been around since 1931, and during this while, it has established itself as one of the top names in the insurance industry. AM Best has lauded Allstate with an A+ rating. They have a home value estimation tool on their website, making it easy for homeowners to check the dwelling coverage they will require. Allstate’s services are available in all fifty states. Further, its top-notch customer service, environment-friendly incentives, easy accessibility, and comprehensive offerings add to its likability. You can pick from their different coverage options, which can be added to the standard policy and offer additional reimbursement for things with higher value or customization than usual, such as riding lawn mowers, golf clubs, and musical instruments. They also protect items when you rent your home. Allstate even has optional theft coverage. Overall, the dwelling coverage (covering the house itself), personal property coverage (covering the personal belongings inside the home), liability protection (if someone suffers property damage or accidental damage on your property), and guest medical protection (medical expenses of the guest who suffered damage on your property) are covered by Allstate insurance.

USAA
Next on our list is USAA, which offers military members and their families coverage options. Featuring a low premium, it is one of the few providers that offer the standard guaranteed replacement cost coverage. The homeowners can re-construct the home exactly as it used to be before the accident. The company also offers home-sharing coverage to help protect you and your guest. They will provide you with all the standard protection, including the home, personal property, earthquake, loss of use, and other structures coverage, depending on your location. Their standard policy also covers personal liability insurance and guest medical expenses.

Erie
Erie provides phenomenal customer support and excellent insurance coverage at pocket-friendly rates, but unfortunately, its insurance plans are accessible only for people in DC and 11 American states. They offer extensive coverage and benefits for their customers. With their standard homeowner’s insurance, primary dwelling is covered in case of damage from fire, storms, and other events. It also covers personal property. In addition, loss-of-use coverage is also offered. This implies that if you are forced to relocate while your home is being repaired, the cost of your alternate housing and meals will be covered. Additionally, there is standard liability coverage instances where you may have hurt someone or damaged someone’s property. Optional coverages protecting you against water damage, earthquakes, and floods are available. Furthermore, coverage for valuables is an option with Erie.