Insurance

What is a Homeowners Insurance Policy?

Homeowners Insurance Policy

[hohm-oh-ners / in-shoo r-uh ns / pol-uh-see]

noun

1.

Homeowners Insurance is an insurance policy that protects you in the event a tragedy or disaster strikes your home. A Homeowners Insurance Policy is distinct from a Dwelling Fire Policy because a Homeowners Policy covers not only the physical structure of your home (the dwelling) but also the belongings inside (since it assumes that that the policyholder is the one living in the insured home).

Have A Question About This Topic?

Thank you! Oops!

Related Content

What is a Producer?

What is a Producer?

Do you know what a Producer is?

Comparing Mortgage Terms

Comparing Mortgage Terms

Estimate the total cost in today's dollars of various mortgage alternatives.

The Economic Journey of Your Morning Coffee

The Economic Journey of Your Morning Coffee

Few contemplate the complex journey that brought their coffee from farm to kitchen table.