Is homeowners insurance required in Tennessee?
The state of Tennessee does not require homeowners insurance. However, your mortgage will likely require it.
What types of homeowners insurance coverages are recommended in Tennessee?
Coverage What it covers
Dwelling
Covers damage to your home’s physical structure.
Other structures
Protects against damage to other structures, like a detached garage, barn, or fence.
Personal property
Pays for damage to your personal or household belongings.
Loss of use
Covers necessary additional living expenses when your home cannot be occupied due to a covered loss.
Personal liability
Pays for legal fees, court-ordered payments or settlement amounts if you injure 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 (such as lines that carry water, waste, heating, cable and internet to and from your home) covered under homeowners insurance?
Underground service lines are not covered under a standard homeowners insurance policy unless you add this optional coverage. However, homeowners are legally responsible for maintaining service lines from their home to their property line, so you should consult your independent agent about adding this coverage to your policy.
What is the average cost of homeowners insurance in Tennessee?
The cost of homeowners insurance will vary by amount of coverage needed and characteristics of your home such as age of the building or if it has custom construction or elaborate design. It’s important to work with your independent agent to make sure you have the necessary coverage.
Where can I get the best homeowners insurance in Tennessee?
Homeowners insurance should be built to fit your individual needs. Grange partners with independent insurance agents to ensure you have the right coverage to fit your budget. An independent agent can suggest and explain the coverages you need. Find an agent to get started.
When in the home buying process should I buy homeowners insurance?
You should purchase insurance before closing on your home. Insurance declaration pages provide coverage details and the policy effective date, which are needed as part of a closing package.
Homeowners insurance is part of my monthly mortgage payment. Who decides what insurance I get, is it my choice or up to my mortgage lender?
It is your choice where to buy homeowners insurance. Your mortgage company may suggest insurance providers or have a partnership with a specific company. It is best to shop around and consult an independent insurance agent to make sure you have the right coverage for you.
Are my garage, outdoor shed or home appliances covered under homeowners insurance?
In most cases, a homeowners insurance policy will provide some coverage for structures not attached to the home and additional coverage can be purchased if needed. Certain exclusions may apply (for example, if the other structure is used for business purposes).
Home appliances are generally considered personal property and covered only if they are damaged by specific events listed in your policy. There may be some exceptions to this, 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 Tennessee?
Tennessee does not require renters insurance but your landlord may require it as part of your lease.
I work from home, is my business property covered under homeowners insurance?
A homeowners policy may provide limited coverage for business property with the option to purchase additional coverage. It is recommended to consult with an insurance agent to ensure your business property is protected.
Some optional coverages to protect your home-based business are identity theft insurance , personal cyber insurance and equipment breakdown coverage.