Homeowners insurance may provide a variety of protections against property damage or loss. It generally includes coverage for the structure of a home damaged by fire, hail, lightning, or other disasters listed in the policy. This protection may extend to unattached structures like tool sheds and garages and to fixtures attached to land such as fences and patios. Trees and shrubs may also receive coverage.
Homeowners insurance policies may also cover personal items in the event they are stolen or damaged. Belongings like furniture and clothing typically qualify for coverage and more expensive items like jewelry may be listed on an itemized schedule for additional coverage.
Additionally, homeowners insurance policies may provide payments in the event you are unable to live in your home due to a covered event such as a fire. This loss of use coverage may be an additional safety net if unfortunate circumstances arise.