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Golden Way Insurance Services, Inc.

10092 Chapman Ave # 2
Garden Grove, CA 92840

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What does homeowners’ insurance cover?

The standard homeowner’s insurance policy usually covers six general areas. As with most insurance companies, there may be some variation in terms of the details of what’s covered. However, the standard areas of coverage usually fall into six categories. Generally, homeowners insurance is designed to repair or replace your home if damaged. This type of insurance is generally a requirement if you have a mortgage. This insurance also protects the insurance company’s investment as the financier of your home, before it’s paid for. 

What’s Covered

Homeowners insurance provides protection for your home in the event that it’s damaged by some natural disasters as well as vandalism, theft, and other situations. Typically, a homeowners policy provides coverage for damage that may result from fires, smoke, theft, vandalism, lightning, wind, and hail. However, not every natural disaster is covered under a standard homeowner’s policy. For example, flood insurance may need to be purchased separately if you live in an area prone to flooding. The typical homeowners’ insurance policy covers several different areas.

 Areas of Coverage

  • Dwelling-The exterior and interior structure of your home and your property
  • Personal Property-The belongings inside of your home
  • Other Structures-Sheds, detached garages, and other structures on your property
  • Liability-This coverage provides legal protection if a guest is hurt or injured while on your property 
  • Medical Payments- Coverage that provides payments for guests that are hurt or injured on your property.
  • If the personal possessions of a guest are damaged while on your property, homeowners insurance provides coverage for situations like this as well. 
  • Loss of Use-If you have to leave your home and live elsewhere while it’s being repaired/renovated, loss of use coverage will provide money for this additional expense.

Basic Levels of Coverage

Coverage levels usually fall under three categories. These categories include actual cash value, replacement cost, and extended replacement cost or value. Potential homeowners should also note that lenders will more than likely require a homeowner to carry homeowner’s insurance. This is their way of protecting their investment in your home before it’s paid for. Our team at Golden Way Insurance Services is committed to educating Garden Grove, CA customers about the ABCs of homeowners insurance. If you have questions about homeowners insurance, give us a call. 

Our Partners


  • ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
  • AMCO INSURANCE COMPANY
  • AMERICAN GENERAL LIFE INSURANCE COMPANY
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  • ANTHEM BLUE CROSS LIFE AND HEALTH INSURANCE COMPANY
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  • BRIGHTHOUSE LIFE INSURANCE COMPANY
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  • FIRST AMERICAN PROPERTY & CASUALTY INSURANCE COMPANY
  • FOREMOST INSURANCE COMPANY GRAND RAPIDS, MICHIGAN
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  • KAISER PERMANENTE INSURANCE COMPANY
  • LIBERTY INSURANCE CORPORATION
  • LIBERTY MUTUAL
  • LIFE INSURANCE COMPANY OF THE SOUTHWEST
  • MUTUAL OF OMAHA INSURANCE COMPANY
  • NATIONWIDE INSURANCE COMPANY OF AMERICA
  • NORTH AMERICAN COMPANY FOR LIFE AND HEALTH INSURANCE
  • PROGRESSIVE CASUALTY INSURANCE COMPANY
  • PRUCO LIFE INSURANCE COMPANY
  • REDWOOD FIRE AND CASUALTY INSURANCE COMPANY
  • STILLWATER INSURANCE COMPANY
  • TRANSAMERICA LIFE INSURANCE COMPANY
  • WESTERN SURETY COMPANY