Homeowners insurance provides financial protection for a homeowner in the event of a disaster (like a fire, storm, or burglary) that causes damage to the property or belongings.
- Example:
Property Damage Coverage: Covers the cost to repair or replace your home if it is damaged by a covered event, like a fire or storm. For example, if a tornado damages your roof, homeowners insurance would cover the repair costs.- Liability Insurance: Protects you if someone is injured on your property. For instance, if a guest slips and falls while visiting your home, liability insurance can cover their medical bills and legal costs if they sue.
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