Insurance

What is a Homeowners Insurance Policy?

Homeowners Insurance Policy

[hohm-oh-ners / in-shoo r-uh ns / pol-uh-see]

noun

1.

Homeowners Insurance is an insurance policy that protects you in the event a tragedy or disaster strikes your home. A Homeowners Insurance Policy is distinct from a Dwelling Fire Policy because a Homeowners Policy covers not only the physical structure of your home (the dwelling) but also the belongings inside (since it assumes that that the policyholder is the one living in the insured home).

Have A Question About This Topic?

Thank you! Oops!

Related Content

What is a Term?

What is a Term?

Do you know what a Term is?

If a Tree Falls

If a Tree Falls

This handy video helps you stay prepared in case a fallen tree has damaged your house.

An Overview of Renter’s Insurance

An Overview of Renter’s Insurance

Don’t overlook the need for renter’s insurance if you rent your home.