Whether you own or rent, insuring the place you call home can help protect you financially if you suffer a loss due to fire, theft, vandalism, or other covered events. Depending on where you live - a house, apartment, or condominium - the right home insurance policy can provide you peace of mind as well as the money you need to repair or replace your home and/or belongings. It will also cover you in the event someone is injured while on your property and wins a legal judgment against you.
The four types of homeowners' coverage are:
- Structural - Covers damage to your home or dwelling.
- Personal Belongings - Covers damage to items in or on your home or dwelling.
- Liability Protection - Covers your legal responsibility for injuries or damage to other people or property.
- Additional Living Expenses - Covers costs for temporary housing, meals, etc., while your home is being restored or rebuilt.