homeowner's insurance policy

Homeowner's insurance policy

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

Homeowner's Insurance

Insurance that the buyer of a private residence purchases providing coverage for most damage to the residence. Typically, homeowner's insurance covers damage from fire, deliberate or accidental destruction of the home by a person, and other, similar matters. Nearly all homeowner's insurance policies exclude acts of God like earthquakes and floods from coverage, though one may buy supplementary policies to cover these eventualities.

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.

References in periodicals archive ?
If the evidence shows the Thomas Fire or another peril covered by a homeowner's insurance policy was the efficient proximate cause of mudflow damage, I expect insurance companies to step up and cover these financial losses.
Conley's home was insured through a homeowner's insurance policy issued by Kentucky Farm Bureau.
A state official said, 'With severe weather in the forecast, it's a good time to review your homeowner's insurance policy, since standard homeowner policies do not cover hurricane and flood damage.
USAA's homeowner's insurance policy provided coverage for bodily injury caused by an: occurrence.
In any case, damage to your solar equipment should be covered by your homeowner's insurance policy, although you would be wise to review your policy's coverage with your insurance agent in case you need to add a special endorsement.
If your house was damaged, then you should review your homeowner's insurance policy.
Before they strike, take an inventory of valuable items that require the protection of a homeowner's insurance policy.
Since every household insurance policy can be different, the first step in assessing your coverage for natural disasters is to read your homeowner's insurance policy to determine both what risks are covered and what risks are excluded.
However, the purchase of a separate worker's compensation policy or additional no-fault medical coverage under a homeowner's insurance policy is a good way to protect everyone's interests.
Only 12 percent of homeowners statewide purchase earthquake insurance, and damage from quakes is typically not covered under a standard homeowner's insurance policy, according to the Insurance Information Network of California.
In those cases, insurers may suggest that the homeowner find the dog a new home, charge a higher premium, not renew the homeowner's insurance policy, or exclude the dog from the coverage.
Keep photos or videotape in a heat-resistant safe or a safety deposit box, along with your homeowner's insurance policy.

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