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.
