What is homeowners insurance?

Homeowners insurance is a type of insurance that protects homeowners from financial losses caused by accidents, theft, weather, or other unforeseen circumstances. It covers damage to personal property, liability for damage or injury done by you or members of your family, and sometimes even living expenses if you are unable to stay in your home due to a covered event. In North Carolina, homeowners insurance is normally required by lenders to protect their investments in homes. It provides coverage for fire, wind, lightning, hail, explosion, riot and civil commotion, smoke, aircraft, vehicles, vandalism, and theft. Other types of events may also be included in certain policies. Homeowners insurance usually also offers personal liability coverage, which covers accidents, injuries, and property damage caused by you or members of your family. Premiums for homeowners insurance can vary depending on your location, the value of your home, and other factors. In North Carolina, homeowners insurance information and requirements can generally be obtained from your insurance agent or through the North Carolina Department of Insurance.

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What is homeowners insurance?

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