Home Owners Policy (Glossary Word)
Home Owners Policy
A type of insurance policy protecting a policyholder from risk of loss to their home as well as other related risks. These typically include other structures on the residence property, personal property and additional living expense as a result of covered loss and legal liability. Many perils are insured against such as fire, theft and windstorm; conversely, many significant perils are not automatically covered under a standard homeowner policy. These include earthquake and flood among others.
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FAQs
- What kind of insurance does my business need?
- How often should I review my life insurance policy?
- I'm not near any body of water. Is there any particular reason why I would need flood insurance? Doesn't my homeowner policy provide flood coverage?
- Will my automobile policy protect a friend or relative if I loan my vehicle to them?
