The 5 most important parts of a homeowners insurance policy typically include:
Coverage for the structure of the home: This covers damages to the physical structure of the home, such as from a fire or natural disaster.
Personal property coverage: This covers the loss or damage of personal belongings within the home, such as furniture and clothing.
Liability coverage: This protects the homeowner from financial losses if they are found legally responsible for injuring someone or damaging someone else's property.
Additional living expenses: This covers the cost of temporarily living elsewhere if the home becomes uninhabitable due to a covered loss.
Deductibles: This is the amount the homeowner is responsible for paying before their insurance coverage kicks in. A higher deductible can result in lower insurance premiums.