What Does Home Insurance Cover?

Homeowners insurance is a necessity for anyone who owns a home. Most banks require homeowners insurance coverage as part of a mortgage. Even after a home is paid off, insurance is necessary to protect your property from damages because of natural disasters and also liabilities that may be incurred.

Damage

Homeowners insurance policies cover certain types of damage, like fires and windstorms. Mischief such as vandalism and damage from vehicles are also typically covered.

Contents

A home's contents, such as furniture and televisions, are covered under the typical home insurance policy. In addition, while auto insurance won't cover contents in a car, these items are in fact covered by homeowner's insurance. Certain items such as high-value jewelry require special types of coverage and need to be declared.

Medical

Guest medical insurance is included in a typical home insurance policy. This protects the homeowner in case someone falls and suffers an injury in the house.