Introduction to Homeowners Insurance
There are multiple risk exposures in home ownership. Not only is the potential loss or damage of the residence a factor, but there exists the possibility of damage to detached structures, theft of personal property, injury to third parties, liabilities, etc. An adequate homeowners policy can provide protection against these risks.
Coverages Available for Homeowners Insurance Policies
Homeowners policies provide six main types of coverage, labeled A-F. Other minor coverages are often written into the policy.
Homeowners: Coverage A
Dwelling, attached structures.
Homeowners: Coverage B
Other structures, separated structures.
Homeowners: Coverage C
Unscheduled personal property.
Homeowners: Coverage D
Loss of use.
Homeowners: Coverage E
Personal liability.
Homeowners: Coverage F
Medical payments.
