Homeowners insurance protects your home and belongings from damage caused by events like fire, hail, and theft. It typically includes dwelling, other structures, personal property, loss of use, liability, and medical payments coverage. Policies exclude damage from floods, earthquakes, and wear and tear but offer optional add-ons. Coverage types vary, with HO-3 being most common and HO-5 offering the broadest protection. Deductibles affect premiums and payouts.


