Homeowners insurance is designed to protect your home and personal property against damage, theft, or natural disasters. It typically includes coverage for the structure of your home, personal belongings, and liability in case someone is injured on your property.

There are different levels of coverage, from basic policies that cover only the structure of the home to more comprehensive policies that include personal property and additional living expenses in case your home becomes uninhabitable. Most policies also cover liability in the event that someone is injured while on your property.

When shopping for homeowners insurance, it’s important to consider factors such as the value of your home, the location of your property, and your risk tolerance. While homeowners insurance is not required by law, many mortgage lenders will require it to protect their investment.