Homeowners Insurance Definition In Spanish. It is a contract between the policyholder and the insurance company. Homeowners insurance is protection for your home and personal property against certain hazards covered by your policy, like fire, theft, or vandalism.
However, your policy may exclude certain perils, depending on where you live and what kind of insurance you have. Of course, the hoa insurance isn't completely free to you; Your home is a major investment, but — more than that — it’s where you raise a family, entertain friends.
Standard homeowners insurance, however, does not cover damage from floods or earthquakes.
Dwelling coverage (sometimes called coverage a) is the portion of your home insurance policy that pertains to the cost of rebuilding and repairing your home in the event that it is damaged or destroyed in a covered peril such as wind, hail, lightning, or fire. A person who owns their house or apartment: Surplus lines insurance protects against a financial risk that is too high for a regular insurance company to take on. Of course, the hoa insurance isn't completely free to you;