What is "homeowner's insurance"?

What is "homeowner's insurance"?

Sam Friedman (Editor-in-Chief, National Underwriter, Property & Casualty Edition) gives expert video advice on: What does homeowner's insurance cover?; Am I required to have homeowner's insurance?; What does home insurance property protection cover? and more...

Homeowner's insurance is an insurance policy that you buy when you own your own home. It'll cover you in case there's any damage to your property, whether from a natural catastrophe or a fire, for instance. It will cover many of your personal possessions if they're lost in a fire, if there's a burglary of some sort, if there's a natural catastrophe like a hurricane that blows things away. Also, homeowner's insurace covers some of your liability exposures if someone slips and falls on your driveway, trips down your stairs, trips over your dog, etc. All of these items are covered under your homeowner's insurance policy.