Insuring your home is one of the most important things you can do to protect yourself. There are a lot of different factors that could contribute to damage and the home owner insurance plans are a great way to prepare yourself. In this article, we are going to take a look at some of the different home owner insurance plans.
Generally, homeowners insurance is split into two different categories. The categories are property coverage and liability coverage. Property coverage is the plan that will protect the structures on your property. This means your home and anything attached to it. Some insurance companies will require you to get additional coverage for other structures that are not connected to your home. An example of this could be a shed.
Liability coverage is what is used when someone gets damaged on your property. An example of this could be if a visitor gets injured at your property because the steps weren’t stable. It’s important to note that it’s not only the homeowner who can be the cause of injury. If anyone who lives in the home causes an injury, liability coverage would be relevant.
Overall, these were two of the different kinds of home owner insurance plans.