A standard homeowners policy bundles several kinds of coverage. Knowing the parts helps you read your declarations page.
Typical parts
- Dwelling: the structure of your home
- Other structures: a detached garage, shed or fence
- Personal property: your belongings
- Loss of use: extra living costs if you can't live at home after a covered loss
- Personal liability and medical payments to others
Your mortgage
Lenders usually require homeowners insurance and may pay it from an escrow account.
General educational information, not insurance advice. Coverage depends on your policy and state. Savings Nestle isn't paid by any insurer, agent or broker.