Home insurance, or as it’s more completely known as homeowner’s insurance, provides protection against financial damages that result from covered eventualities that affect the insurance policy holder’s house structure and contents.  Most of these insurance policies are package insurance in the sense that their coverage extends far beyond the physical damages to the policyholder's home.  However, it is commonly the case that a homeowner’s insurance will not cover for earthquakes and floods.  It also does not pay for damage to property caused by the policyholder's family and his or her own negligence of standard home maintenance procedures.

Every specific homeowner’s insurance policy may include and exclude different homeowner perils.  Some policies may purposely name every incident covered under the policy and the amount covered by each particular incident.  Some policies will expressly include all perils except the explicitly excluded catastrophes.

The Basic Home Insurance Coverage

Different financial obligations are covered and insured for every different type of home insurance policies.  The following section will enumerate all the basic home insurance coverage available to the average insurance consumer.