Homeowners Insurance: Covers damage to homes and personal property as well as liability protection.
It typically includes coverage for:
- Dwelling Protection: Covers damages to the physical structure of the home caused by events like fire, storms, or vandalism.
- Personal Property: Protects belongings such as furniture, appliances, and electronics.
- Liability Coverage: Offers financial protection if you’re found legally responsible for someone else’s injuries or property damage.
- Additional Living Expenses (ALE): Covers costs of living elsewhere if your home is uninhabitable due to a covered event.
This insurance ensures that homeowners are financially safeguarded against unexpected events affecting their property or liability.