The Basics of Homeowners Insurance
Homeowners insurance protects you from damage to your home due to destructive events like a fire or theft. This type of insurance also covers medical bills and legal fees in case other people who don’t reside at your property get injured. Homeowners insurance is not required by law, but lenders require it as a condition of getting approved for a mortgage. Continue reading to learn the basics of homeowners insurance and everything you need to know about taking out a homeowners insurance policy. Homeowners insurance typically covers the following type of incidents: Exterior damage. Any damage to the exterior of your home is typically covered by homeowners insurance. This may include damage to windows and siding or landscaping and detached garages. Interior damage. Interior damage is any damage from destructive events that had an impact on the interior features of your home. This may include plumbing issues and damage to appliances. Loss of person...