Home Insurance | Alacrity Insurance Partners

What Home Insurance Covers

Dwelling protection (theft, fire, natural events)
Personal belongings
Liability (injuries + property damage you cause)
Additional living expenses

Who It’s For

First-time homeowners
Families upgrading coverage
Homeowners who want better protection

Why People Choose Us

Clear explanations (no confusing jargon)
Competitive pricing
Fast support during claims
Flexible policy upgrades

Coverage Comparison

Item Covered Not Covered

Fire ✔

Theft ✔

Flood ✖ (add-on available)

Frequently Asked Questions

Please reach us at dash@alacrityip.com if you cannot find an answer to your question.

Is home insurance required?

It is typically required by your mortgage lender and strongly recommended to protect your home and belongings.

Minnesota, and Wisconsin do not legally require homeowners insurance by statute. However, most banks and mortgage companies in these states require it as a condition of the loan.

Even if your home is paid off, carrying coverage helps protect you from paying out of pocket for fire, wind, theft, or liability claims.

How much home insurance do I need?

It’s wise to have enough coverage to fully rebuild your home and replace your belongings in case of total loss.

Does home insurance cover flooding or earthquakes?

Standard homeowners policies in MN and WI do not cover damage from flooding that comes from rising water or overflowing rivers and lakes, or earthquakes.

For that type of risk, you typically need a separate flood insurance policy, which can be purchased through the National Flood Insurance Program (NFIP) or certain private insurers.

How is the replacement cost calculated?

Replacement cost is generally based on what it would cost today to rebuild your home with similar materials and quality, not what you originally paid for it or its market value.

Insurers use details like square footage, construction type, roof, finishes, and local building costs in MN, IA, and WI to estimate this amount and update it over time as prices change.

Does it cover appliances?

In a typical homeowners policy, appliances that are built-in or part of the home are usually covered if they are damaged by a covered cause of loss, such as fire or certain types of water damage.

Normal wear and tear or mechanical breakdown are not covered by homeowners insurance, but you may be able to add an equipment breakdown or home warranty-style coverage for broader protection on systems and appliances.

What should I do if I need to file a claim?

Contact your insurer as soon as possible, provide details and documents, and cooperate throughout the claim process.