What Is The Meaning Of Home Insurance? 
A homeowners policy has two major sections . There is coverage for your property . This includes the residence and the personal property -LRB- furniture , clothing , appliances etc. -RRB- located at the property . The second section is liability . It covers you if you are sued for bodily injury or property damage . This type of hazard insurance is required by most lenders to protect their interests . Because the amounts at risk are so large it is recommended for everyone . 