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.
