Am I required to have homeowners insurance in Indiana?
Homeowners insurance is not required in the state of Indiana. It may be required by your mortgage lender.
Which insurance coverages are recommended for Indiana homeowners?
Coverage What it covers
Dwelling
Covers damage to your home’s physical structure.
Other structures
Protects against damage to other buildings and features like a detached garage, barn or fencing.
Personal property
Pays for damage to your personal or household belongings, regardless of if you are at home or away.
Loss of use
If your home cannot be occupied because of a covered loss, this covers necessary additional expenses while you live elsewhere.
Personal liability
Pays for legal fees, court-ordered payments or settlement amounts if you cause injury to someone or damage their property.
Medical payments to others
Covers medical expenses if someone is accidentally injured at your home.
Learn about additional homeowners insurance coverages
Are underground service lines that carry waste, heating, water and internet to my home protected under homeowners insurance?
Underground service lines is an optional coverage that you must add to a standard homeowners insurance policy. You should consider adding this coverage to your policy since homeowners are legally responsible for the maintenance of service lines from their home to their property line.
How much does homeowners insurance cost in Indiana?
The price of a homeowners insurance policy will depend on what coverages you select and the characteristics of your home (like how old the building is or if it has elaborate design). Your independent insurance agent can work with you to ensure you have the necessary coverage at a price that fits your budget.
Where can I get the best homeowners insurance in Indiana?
The best homeowners insurance is built to fit your individual needs. Working with an independent agent is the best way to ensure you have the right coverage for you. They can suggest and explain the coverages you need. Find an agent to get started.
When is the best time to get homeowners insurance when buying a home?
Homeowners should buy insurance before finalizing the purchase of their home. When you buy insurance, the declaration pages provide coverage details and the policy effective date, which are needed to close on your home.
My homeowners insurance payment is combined with my monthly mortgage payment. Does my mortgage lender choose what insurance I get or is it my choice?
It is your choice where to buy homeowners insurance. However, your mortgage lender may partner with or suggest a specific insurance company. It is best to consult an independent insurance agent and shop around to ensure you have the right coverage for you.
Are my garage, outdoor buildings or home appliances protected by homeowners insurance?
Typically, homeowners insurance will provide some coverage for buildings not attached to your home and you can add additional coverage if needed. Some exclusions may apply (for example, if the building is used for business purposes).
Home appliances are usually considered personal property. They would be covered only if they are damaged by specific events listed in your policy. There are some exceptions, for example:
If the appliance is permanently attached to your home
If you’ve purchased a Special Personal Property Coverage endorsement
Is renters insurance required in Indiana?
The state of Indiana does not require renters insurance. However, your landlord may require it as part of your lease.
I work from my home. Are my business belongings covered by homeowners insurance?
Your homeowners policy may provide some coverage for business property. There are optional coverages you may purchase for addition protection. We recommend consulting with an insurance agent to ensure your business property is protected.
Additional optional coverages that can protect your home-based business are identity theft insurance , personal cyber insurance and equipment breakdown coverage.