Navigating Homeowners Insurance Essentials
Homeowners insurance protects your property and belongings against damage or loss caused by covered perils like fire, theft, or natural disasters. It typically includes dwelling coverage, which repairs or rebuilds your home, and personal property coverage for belongings like furniture, electronics, and clothing. Understanding policy exclusions, such as flood or earthquake damage, may require additional coverage. Liability coverage protects against lawsuits for bodily injury or property damage occurring on your property. Reviewing your policy annually and updating coverage based on home improvements or acquisitions ensures adequate protection and peace of mind for unexpected events.