What is typically included in a homeowner’s insurance policy?

A homeowner's insurance policy typically includes both property damage and liability coverage. This combination is fundamental to protecting the policyholder's home and assets. Property damage coverage safeguards against risks such as fire, theft, vandalism, and certain natural disasters, ensuring that the dwelling and personal belongings are financially protected in the event of a loss or damage.

Liability coverage is equally important, as it protects the homeowner from legal claims resulting from injuries or damages to others that occur on their property. This can include scenarios such as a visitor getting injured while on the premises or damage caused by the homeowner's actions.

While some homeowners may choose to add specialized coverage for risks like flooding or earthquakes, these are typically not included in a standard homeowner's insurance policy and often require separate policies or endorsements. Therefore, the inclusion of both property damage and liability coverage in a homeowner's policy provides comprehensive protection for the homeowner and their assets.