Approximately 900 different insurance companies write casualty/property policies in America, so there will be variances with each individual homeowners policy. With that said, approximately 80% of such policies use a fairly standard format. Every homeowners policy covers a couple of key areas: liability and property. Further, you might receive extra coverage for living expenses if your residence isn’t inhabitable for a certain timeframe as a result of a peril they cover.
At the very least, homeowners insurance generally cover damages caused by the following:
- Freezing because of heating, air-conditioning, plumbing, or another household system.
- Weight of snow, sleet, or ice.
- Falling objects.
- Vandalism or theft.
- Smoke.
- Vehicles.
- Aircraft.
- Explosions.
- Hail or windstorms.
- Lightning or fire.