What is homeowners insurance?Home insurance is a policy that protects your home. It typically covers the building itself and items inside, such as furniture or electronics. You can get different types of insurance for what’s on your property too. For example, you might want to insure jewelry or other valuables in addition to covering damage to vehicles parked in your driveway.
What does homeowners insurance entail?
Home insurance typically covers:
- Damage to your home and its contents (e.g., a broken window or shattered dishwasher)
- Loss of use of the property while it is being repaired (this includes temporary housing costs if you need to stay somewhere else because your house has been damaged by fire, smoke, or water)
- Personal liability coverage, which protects you from lawsuits related to injuries on your property