what-is-home-insurance

What is Home Insurance?

Homeowners insurance helps protect you from unforeseen circumstances. If your home is damaged, your belongings are stolen, or someone in your property is injured, it will help cover repairs and replacements, temporary housing, legal costs and more.

Do I need Home Insurance Policy?

Homeowner policies are recommended for those who own a home or apartment and may also be required by a mortgage lender. Separate covers are needed to protect homes and personal belongings from flood and earthquake damage.

In the event of an unforeseen event, home insurance can help you get your life back to normal.

Coverage of Home Insurance.

Travel agencies can help determine the homeowner’s coverage that best fits your needs and budget, but typical policies can cover:

  • Structure of your home
  • Other structures of your property (eg garage, carport)
  • Additional living expenses if you are unable to live at home due to indemnified loss
  • Your personal belongings
  • Your personal liability or legal costs
  • Limited price items (usually additional coverage can be added)

Consider options for adjusting limits and scope to suit your needs. Your homeowners insurance policy includes the following categories of coverage to ensure that your home and property are properly protected.

Personal Property Coverage

Movables compensation allows you to pay for personal items in your home that may be damaged or destroyed due to the cause of the indemnified loss. This includes:

  • Clothes
  • Furniture
  • Electronics
  • Sports Goods

Personal Liability Coverage

Liability insurance helps protect you in the event of a claim and provides protection in the case of a proceeding if you or your family members are responsible for causing personal injury or property damage to others.

Dwelling Coverage

Homeowner coverage helps repair or rebuild a home if it is damaged by the cause of the loss covered. The following are examples of the types of risk that can be covered.

  • House Fires
  • Bad Weather Conditions
  • Theft
  • Damage from plumbing