The family insurance portfolio usually always includes some form of property insurance. The homeowner policy has been around a long time and is purchased every time a family purchases a new home. Homeowners insurance is very comprehensive coverage but is very often misunderstood. The typical homeowner always has some kind of maintenance problem. These kinds of problems are sometimes submitted as claims on their homeowners insurance. That is where the misunderstanding begins. Homeowners policies protect you against losses caused by perils. Maintenance and deterioration problems are never covered by your home policy. Your homeowners policy would become unaffordable if that were the case.
Perils Insured Against Fire or lightning, windstorm or hail, explosion, riot and civil commotion, aircraft, smoke, vandalism, theft, falling objects, the weight of ice sleet and snow, accidental discharge of water or steam, freezing, volcanic eruption, and more. These are the basic perils covered by most home policies.
Homeowner Policy Structure
Section A The Dwelling This provides coverage for the dwelling and any structures attached to that dwelling.
Section B ...
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