What is Home Insurance?
Home insurance, also known as homeowners insurance, is a policy that provides financial protection against loss or damage to your home and personal belongings. It also covers liability in case someone is injured on your property. While policies vary, most include a combination of the following:
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Dwelling Coverage: Protects the physical structure of your home from risks like fire, storms, vandalism, and certain natural disasters.
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Personal Property Coverage: Covers items inside your home, such as furniture, electronics, clothing, and appliances, in case of theft or damage.
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Liability Protection: Offers coverage if someone is injured on your property or if you accidentally cause damage to someone else’s property.
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Additional Living Expenses (ALE): Covers the cost of temporary housing and living expenses if your home is uninhabitable due to a covered event.
