What is Homeowners Insurance?

Homeowners insurance pays to repair or replace your house and personal property if they’re damaged or destroyed by an event or occurrence covered by your policy.

Most homeowners policies in New Mexico offer the following coverages: Dwelling, Personal property, Other structures, Loss of Use, Personal Liability or Medical payments.

Insurance companies in New Mexico may sell several types of policies. If a company offers you a policy with less coverage than you’d like, ask if other policies are available. You may also be able to buy additional coverage by adding endorsements to your policy.

What Does Homeowners Insurance Cover?

Homeowners insurance policies generally cover property damage caused by: