Definition
An insurance policy that protects your home and belongings from damage or loss due to events like fire, theft, or natural disasters.
What to consider
- Review your policy to ensure you’re adequately covered.
- Consider whether your deductible and premiums match your needs.
- Shop around periodically for better rates or coverage options.
Real world scenarios
- After a severe storm damages Kayla’s roof, her homeowners insurance helps pay for necessary repairs.
- Damien selects a comprehensive policy covering not only the structure but also his personal belongings inside.
- Prisha shops around each year to compare premiums and ensure her home remains adequately protected against theft and disasters.
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