What is Home Insurance?

Let’s start with the easy stuff:  Home insurance is a type of insurance designed specifically to protect your home and the belongings inside of it. Most people think of this kind of insurance as protection from natural disasters, fire, theft, and damages, but it can also protect you in the event of an injury somebody sustains while on your property. If somebody were to injure themselves while on your property, there would be nothing stopping them from suing you for negligence – and it’s unlikely you’d have a leg to stand on if you didn’t have insurance.

There are two primary coverage sections of home insurance: buildings and contents insurance. These two types can be set up separately; however, in most home insurance policies, they are combined into the same policy.

It’s important to note that home insurance is not required by law in the USA, but it is the most cost-effective way you can stop yourself from experiencing a financial disaster when something goes wrong with your home.