Homeowner's Insurance Policy

What is Home Insurance?

Home insurance is insurance for private homes that is your primary residence. The policy typically covers the house, garage, personal belongings against perils such as fire, theft, and wind. The policy also provides personal liability protection and covers expenses related to repairs.

What are the coverage options in Home Insurance?

Coverage A: Covers damage of a home's structure such as wall, roof, flooring, windows, doors etc

Coverage B: Covers detached structures of the home such as a detached garage, fence, guest house or shed

Coverage C: Covers personal belongings with coverage limits on valuable such as jewelry, firearms, antiques, fine art

Coverage D: Covers additional living expenses such as hotel rooms, restaurant meals, moving if home is uninhabitable due to repairs

Coverage E: Covers financial protection against lawsuits relating to injuries or property damage

Coverage F: Covers medical bills of guests due to injury on the property

When do you need landlord insurance instead of home insurance?

When the property is not your primary residence, and you plan to rent it out, then you would require landlord insurance. Learn more about the difference between home insurance vs landlord insurance.