Home insurance , also commonly called homeowner's insurance (often abbreviated in the US real estate industry as HOI ), is a type of property insurance that covers a private residence. It is an insurance policy that combines various personal insurance protections, which can include losses ...
Homeowners insurance is a package policy. This means that it covers both damage to property and liability or legal responsibility for any injuries and property damage policyholders or their families cause to other people. This includes damage caused by household pets. Damage caused by most disasters is covered but there are exceptions. Standard homeowners policies do not cover flooding, earthquakes or poor maintenance. Flood coverage is provided by the federal government’s National Flood Insurance Program, although it is purchased from an ins ...
Everything you need to know about homeowners insurance, from what it covers to how rates are determined.
Homeowners insurance covers losses and damages to an individual's residence, along with furnishings and other assets in the home, and liability coverage against accidents. Browse Investopedia’s exp...
Homeowners insurance covers losses and damage to an owner's residence, furnishings, and other possessions, as well as providing liability protection..
Coverage for the structure of your home ; Your homeowners policy pays to repair or rebuild your home if it is damaged or destroyed by fire, hurricane, hail, lightning or other disasters listed in your policy. Most policies also cover detached structures such as a garage, tool shed or gazebo—generally for about 10 percent of the amount of insurance you have on the structure of the house. A standard policy will not pay for damage caused by a flood, earthquake or routine wear and tear. When purchasing coverage for the structure of your home, rem ...
Most all-perils homeowners insurance policies cover roof replacement if the damage is the result of an act of nature, but not if it's from wear and tear. Learn more.
When Joy Sharp built a new home in the small coastal community of Wilmington, North Carolina, about eight years ago, her homeowners insurance cost was a relatively modest $1,400. That was...
Hippo Insurance Services offers a modern, simpler, smarter homeowners insurance policy at competitive prices. Get an insurance quote in 60 seconds.
CNBC Select analyzed dozens of homeowners insurance companies that can help protect you from theft, damage and more.