Home insurance protects you from having to pay out a huge amount at once, often at a very difficult and emotional time.
Homeowners insurance is a form of property insurance that covers losses and damages to an individual’s residence, along with furnishings and other assets in the home. Homeowners’ insurance also provides liability coverage against accidents in the home or on the property.
Homeowners’ insurance helps provide financial protection for your home and personal belongings. Learn the basics of what homeowners insurance is and what it covers.
This covers you in the event of damage to the structure of your home, such as the walls, roof and floors. It usually covers damage to fixtures and fittings too. It’s not compulsory, but it’s usually a condition of your mortgage to have it. If you own your own home, with or without a mortgage, this insurance should be a top priority.
Homeowners insurance is made up of coverages that may help pay to repair or replace your home and belongings if they are damaged by certain perils, such as fire or theft. It may also help cover costs if you accidentally damage another person’s property or if a visitor is injured at your home.