A standard homeowners insurance policy insures your home’s structure (house,) and your belongings in the event of a destructive event, such as a fire.
In addition, homeowners insurance policies are generally “package policies.” This means that the coverage includes not only damage to your property, but also your liability—that is, legal responsibility—for any injuries and property damage to others caused by you or members of your family (including your household pets).
Different coverages for Homeowners and condominiums include:
- Financial loss from Natural disasters, robbery, etc.
- 100% cost of reconstruction of the house
- Personal property loss from the above inside the house
coverage in case of lawsuits against you (ex. someone falling and injuring themselves because you didn’t clean the ice)
Renters Insurance Available.