What is Homeowners Insurance?
Homeowners insurance provides financial protection against disasters. A standard policy insures the home itself and the belongings that you have in the home.
Homeowners insurance covers both damage to your property and your liability or legal responsibility for any injuries and property damage you or members of your family cause to other people. This includes damage caused by household pets.
Damage caused by most disasters is also covered however, there are some exceptions. Damage caused by floods, earthquakes and poor maintenance are not covered in a standard homeowners policy. Separate policies are available for natural disaster coverage for floods and earthquake damage. Problems arising due to poor maintenance are the homeowners’ responsibility.