Insurance

What is a Homeowners Insurance Policy?

Homeowners Insurance Policy

[hohm-oh-ners / in-shoo r-uh ns / pol-uh-see]

noun

1.

Homeowners Insurance is an insurance policy that protects you in the event a tragedy or disaster strikes your home. A Homeowners Insurance Policy is distinct from a Dwelling Fire Policy because a Homeowners Policy covers not only the physical structure of your home (the dwelling) but also the belongings inside (since it assumes that that the policyholder is the one living in the insured home).

Have A Question About This Topic?

Thank you! Oops!

Related Content

To Catch a Thief

To Catch a Thief

Having your identity stolen may result in financial loss plus the cost of trying to restore your good name.

Disability Income

Disability Income

This calculator estimates your chances of becoming disabled and your potential need for disability insurance.

Split Annuity Strategy

Split Annuity Strategy

Here's one strategy that combines two different annuities to generate income and rebuild principal.