Home insurance is a type of property insurance that protects individuals home from threat situations or accidents like fire, burglary, earthquake, destruction by riots etc. It covers the losses and damages to the insured’s house and the valuable assets in it. Also, known as Homeowners insurance, it provides legal responsibility for any accidental injuries of the insured and their family members and for the property damage.
Homeowner’s insurance policies generally cover four incidents on the insured property – interior damage, exterior damage, damage of assets and accidental injuries while on the property. There are various home insurance policies offering different plans as per individual needs, so before opting for the policy an individual should compare multiple offers and choose the plan that suits best as per their needs.