A standard homeowners insurance policy covers damage to your home and your property caused by various perils covered by the policy. Typical home insurance policies cover damage caused by:An aircraft, car or other vehicle Explosions Falling objects Fire and smoke Lightning strikes Theft Vandalism and malicious mischief Some types of water damage The weight of ice, snow and sleet Windstorms and hail
What are the types of homeowners insurance?In most states, standard homeowners insurance policies provide four main types of coverage. Dwelling coverage helps you pay for repairs or rebuilding your home if it’s damaged or destroyed. Personal property coverage helps you pay the costs of fixing or replacing your belongings if they’re damaged. Liability coverage helps you protect your financial assets if you’re at fault for an injury or property damage. Additional living expenses coverage helps you pay for rent, food and other increased costs if you have to live somewhere else while your home is being repaired.