Home Insurance is financial protection for you and your family in the event of a disaster. Through a single standard policy it is possible to insure the house itself and its contents.
Home insurance is a package of various coverages. This means that it covers both the damages caused to your property, as well as your civil or legal responsibility in case of damages suffered by people inside your property caused by the property itself, by you or by your relatives residing in the house.
Home Insurance coverage is not required by law, but your lender will likely require you to insure the home in ase of having a mortgage.
Home insurance is a financial safety net that is always a wise purchase because it gives you property and liability coverage.
Covers for personal liability due to others injured on the behalf of the insured homeowners. Also covers specified losses to the home via property damages.