Homeowners insurance provides financial protection against
disasters. A standard policy insures the home itself
and the things you keep in it.
Homeowners insurance is a package policy. This means
that it 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 covered but there
are exceptions. The most significant are damage caused
by floods, earthquakes and poor maintenance. You must
buy two separate policies for flood and earthquake
coverage. Maintenance-related problems are the homeowners'
responsibility.
