Homeowners insurance provides financial protection against disasters. A standard policy insures the home itself, other structures, and the things you keep in it.
Homeowners insurance is a package policy. This means that it covers both damage to your property (Personal Property) and your liability or legal responsibility for any injuries and property damage you or members of your family cause to other people.
Most disasters are covered but there are exceptions. The most significant are damage caused by floods, earthquakes and poor maintenance. You must buy two separate policies for flood and earthquake coverage. Another area that you should watch out for is backup sewer. Most policies don’t come with this type of coverage. However this coverage can be easily added. The home owner is responsible for Maintenance-related problems.