Homeowner's Insurance

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Home Real Estate Terms Glossary Homeowner's Insurance

What is Homeowner’s Insurance?

Note that homeowners' insurance, also known as home insurance, is a type of property insurance that provides you with financial protection in the event that your house or its contents, such as furnishings, are damaged. It protects you against events such as smoke, fire, theft, and vandalism.

Note that a homeowner's insurance policy is usually a multiple-line insurance policy. This means that it includes property insurance as well as liability coverage. The policy may even cover specific accidents that happen off your property.

Examples of Homeowner’s Insurance

  • Example 1: Blanket policy
  • Example 2: Mobile home insurance policy

Here’s Investopedia’s definition of Homeowner’s Insurance .

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