Home Insurance

What Does Homeowners Insurance Cover?

A standard homeowners insurance policy insures your home’s structure (house,) and your belongings in the event of a destructive event, such as a fire.

Coverage includes not only damage to your property, but also your liability—that is, legal responsibility—for any injuries and property damage to others caused by you or members of your family, or your household pets.

Condo and Co-Op Coverage

Insurance for condominiums and co-op- apartments generally covers your belongings, liability and certain parts of the interior structure as defined in the by-laws or proprietary lease.

Homeowners insurance covers many types of disaster related damage, however, flood insurance and earthquake insurance are separate policies, which may be desirable depending on where you live.

Living Expenses Included if Home is Uninhabitable

All forms of home insurance also provide additional living expenses (ALE) coverage for the extra costs of living away from home if it is uninhabitable due to damage from an insured disaster.