"Buying a home is one of life's biggest investments, and protecting it should be a top priority. That's where homeowners insurance comes in. Homeowners insurance helps protect your investment by covering unexpected damage, loss, or liability. If something happens - like a fire, burst pipe, or break-in - your homeowners insurance helps pay for repairs, replaces lost belongings, and can even cover temporary housing while your home is being fixed. It's one of the smartest financial protections a homeowner can have."
"Homeowners insurance is a policy that helps cover the cost of repairing or replacing your home and belongings. It typically covers damage to your property, liability for injuries or damage you cause to others, and sometimes additional living expenses if your home becomes uninhabitable after a covered event. If something happens, your homeowners insurance can help you recover from the unexpected without wiping out your savings."
Homeowners insurance provides financial protection for repairing or replacing a home's structure and personal belongings after covered perils such as fire, burst pipes, or break-ins. Policies commonly include liability coverage for injuries or damage the homeowner causes and additional living expenses if the dwelling becomes uninhabitable. Coverage is subject to policy limits, premiums, and a deductible that the homeowner pays out of pocket. When a covered event occurs, the homeowner files a claim, and the insurer reviews the loss, may send an adjuster, and pays for repairs or replacements up to policy limits. Standard policies exclude certain risks.
Read at Redfin | Real Estate Tips for Home Buying, Selling & More
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