Your home is a place to hang your hat, relax, and create memories with your family and loved ones. While a home can hold significant moments of your life, it also holds a large portion of your net worth. Homeowners insurance is a financial protection policy. It can cover a lump sum if your home is destroyed or damaged by weather, fire, theft and other disasters.
Similar to how no two people are the same -the same applies to a home. Most homeowners have a mortgage. Typically a lender requires the homeowners to buy homeowners insurance; however, there are various types of coverage that you should understand before purchasing a policy.