What is Homeowners Insurance?

Homeowners Insurance is a policy covering damages or losses to a residential structure and its contents, plus liability protection if injuries or accidents occur on the premises. It shields policyholders from unforeseen events—like fires, storms, theft, or specific natural hazards—subject to policy inclusions and deductibles.

Key Points:

• Coverage Types: Dwelling protection, personal property coverage, personal liability, and additional living expenses.
• Limits: Each category features specific coverage caps, requiring adequate policy selection.
• Exclusions: Floods, earthquakes, or mold often need additional riders.
• Premium Factors: Location, building age, claims history, and occupant track records may impact cost.

By safeguarding property-related investments and occupant well-being, homeowners insurance offers financial assurance against potential disasters or liabilities, ensuring stability during unexpected mishaps.