A homeowners policy commonly combines several types of protection, including coverage for the dwelling, other structures, personal property, liability and certain additional living expenses after a covered loss. Exact coverage depends on the policy form, endorsements and exclusions.
Policy limits and deductibles matter. Replacement-cost and actual-cash-value provisions can also affect how a covered claim is paid. Flood and earthquake losses are often handled separately from standard homeowners coverage, depending on the policy and location.
Review your policy periodically and discuss major home improvements, valuable property or changes in occupancy with your insurer or licensed agent.
Educational information only. Insurance products, requirements and policy terms vary. Verify current details with the insurer, a licensed professional or your state regulator.