Homeowners insurance is to protect from things that can damage your home and personal belongings. Not only does homeowners insurance protect during an inclement weather event, but the policy can provide coverage for injuries that occur on your property and lawsuits against you. Whether you own or rent, there are different packages of home insurance offered to protect your home and belongings. Policy packages can protect against specified perils such as fire, windstorm, hail and theft. In addition to coverage for named perils, a package policy can contain coverage for property damage, additional living expenses, personal liability and medical payments. Homeowners policies apply to most owner-occupied single family dwellings and is modified slightly for apartments and condominiums. A homeowner’s insurance policy will cover your family's personal belongings, your home and the contents of your home, such as furniture, appliances, rugs, clothing, etc. Whether you own or rent, you should make an inventory of all your furniture, appliances, rugs, clothing, furs, jewelry, etc. List every major item and its value. It's best to do this before you buy homeowners insurance, to help you decide how much coverage you'll need to protect your possessions. Most insurance agents have household inventory booklets, prepared by their companies and free

Homeowners policies do not cover flood damage. The national flood insurance program (nfip) offers flood insurance through home insurance companies nationwide. If a mortgage lender determines your home is in a special flood hazard area, you might be required to purchase flood insurance. There are hundreds of home insurance companies on the market, which can make it confusing to know where to start. One of the first considerations when shopping for home insurance coverage may be the price of a policy and how much coverage you need. In the united states, the average cost of a homeowners policy is $1,383 per year for $250,000 in dwelling coverage. Your homeowners insurance rates will vary based on a number of factors , including the replacement value of your home, your claims history and what company you choose. Because every property insurer has a different rating system for your home and personal property, you may want to compare homeowners insurance rates from several different providers to find the best rate for the coverage you need. Good for bundling auto and home insurance Bundling home and auto insurance means