| 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.
A standard homeowners insurance policy includes four essential
types of coverage. They include:
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