What is Homeowners, Renters, & Condo Insurance ?

Home Inventory Site:  www.knowyourstuff.org

Homeowners insurance provides you with financial protection against disasters. A typical homeowners policy will insure the home’s structure, and the contents inside it.

Homeowners Insurance covers damage to your property and provides liability protection. If injuries occur on your property that you are legally liable for, your homeowners coverage will protect you. Additionally, coverage extends to include property damage you or members of your family cause to other people. This includes damage caused by household pets.

Damage caused by Floods or Earthquakes are often not covered by typical homeowner policies. If you are looking for additional protection you will need to by a separate Flood and Earthquake policy.

A basic homeowners insurance policy typically includes the following four types of coverage:

• Coverage for the structure of your home.
• Coverage for your personal belongings.
• Liability protection.
• Additional living expenses in the event you are temporarily unable to live in your home because of a fire or other insured disaster.