Home insurance provides financial protection in case your home or personal belongings are damaged or stolen. It also covers you if you’re responsible for damages to other people’s property.

There are various types of home coverage. A basic policy typically protects you from damage caused by extreme weather (lightning, hail, and wind), fire, theft, or vandalism. More comprehensive coverage includes additional protections, such as sudden collapse, falling objects, or flooding from appliances. Some insurers exclude coverage for floods and earthquakes but offer supplemental coverage you can add to your policy.