Homeowners insurance is a type of insurance that covers the structure of a home and its contents in the event of damage or destruction. It also provides liability coverage in case someone is injured on the property. Homeowners insurance is typically required by mortgage lenders as a condition of getting a loan to purchase a home.
Homeowners insurance can protect against a wide range of risks, including fire, theft, vandalism, and natural disasters. It can also cover the cost of repairing or replacing damaged belongings, such as furniture, appliances, and clothing. In addition, homeowners insurance can provide liability coverage in case someone is injured on the property. This coverage can help to protect homeowners from financial ruin in the event of a lawsuit.