What Should Homeowners Insurance Include? 
Homeowners Insurance typically includes coverage for your actual home -LRB- the Dwelling Coverage -RRB- , coverage for separate structures -LRB- such as detached garage or shed -RRB- , coverage for your belongings -LRB- both the items inside your home , as well as items that may be outside of the home -RRB- , liability protection -LRB- coverage that protects you if you are sued -RRB- , and medical payment coverage -LRB- an amount thatcan paid to someone that is injured on your property -RRB- . These 5 items are usually included in any homeowners policy -LRB- renters and landlord policies have variations of these -RRB- . However , some insurance companies also include some extras at no additional cost . For instance , Farmers Insurance includes an extended coverage of 125 % of the dwelling coverage . This means that if the cost to rebuild the home exceeds the amount of dwelling coverage , Farmers Insurance will cover an extra 25 % over and above the dwelling coverage . Farmers Insurance also includes ID theft protection , and a few other extras . 