Homeowner’s Insurance

A form of insurance that can be obtained by an owner of a home as a form of protection in the event of a defect, failure or natural disaster that results in damage to a property, the items contained within it or its occupants. The premium for this insurance is determined by the organization providing the insurance. The extent of what a homeowner’s insurance policy covers varies by policy type and company. It is important for a policyholder to carefully read and understand the level of coverage they have.