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homeowner's insurance policy

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Homeowner's insurance policy
An insurance policy protecting a homeowner against damage or loss to property.

homeowner's insurance policy

An insurance policy tailored for most homeowners with a package of coverages and endorsements designed to address most risks. Usually includes coverage for the main structure, a certain percentage of that in additional coverage for outbuildings, a certain percentage of additional coverage for contents, reimbursement for rental expenses and cleanup costs in the event of significant loss, and liability coverage in case anyone else is injured on the property as a result of a condition or defect of the property.



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About 70 percent of those who were uninsured said they didn't buy insurance because they believed they were protected by their homeowner's insurance policy, she added.
WHAT: Insurance companies have opposed paying for mold clean up, even when the mold is a result of damage covered by the homeowner's insurance policy.
 
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