A Short Guide To Homeowners Insurance

Becoming a homeowner is very exciting and generally marks a huge milestone in most people’s lives. However, owning a home also comes with a lot of responsibilities, especially in terms of risk management. Part of this risk management is making sure you have good homeowners insurance.

What Is Homeowners Insurance?

Homeowners insurance is a type of insurance coverage that is designed to protect homeowners from a variety of common risks. It can not only protect the physical structure of your home but also provides coverage for your possessions.

Do You Have To Own Your Home To Buy Homeowners Insurance?

Going by the name, it can be easy to assume that homeowners insurance is only for people who own their home. However, this is not always the case. Many landlords require their tenants to have renter’s home insurance coverage. Whether it is required or not, homeowners insurance can offer great protection.

What Does Homeowners Insurance Protect Against?

Homeowners’ insurance protects against a wide variety of different risks. These covered risks include extreme weather events like hurricanes and lightning as well as crimes like burglary and vandalism. There are some exceptions to homeowners insurance coverage, however, so it is sometimes necessary to purchase add-on coverage to protect against all possible risks to your home.