If something unexpected occurs, such as a fire or burglary, home insurance will help pay for destruction and losses. In addition, a home insurance policy may provide liability coverage for accidents that occur on your property (including both property damage and bodily injuries incurred by visiting guests) and may even cover certain accidents that occur off your property.
A homeowners insurance policy can protect your home against damages that occur to the house itself and the belongings inside. Homeowners coverage can also protect your property, some of your personal possessions and you. It’s a package policy that combines two types of coverage: Coverage against your property being destroyed or damaged by certain perils, such as fire, theft and windstorm Coverage for liability exposure – for example, someone being injured on your property