What Will Homeowners Insurance Pay For? 
Check with your Insurance Professional and discuss all of the terms and conditions of your Homeowners ' policy , of course . For the most part , most modern Homeowners Insurance Policiesprotect your dwelling , other property structures and your personal belongings for a fairly broad range of covered perils . These commonly include fire , lightning , theft and so on . Your policy will , however also include some fairly specific exclusions that eliminate or limit coverage , so you need to be aware of these as well . Remember that most policies exclude coverage for damage caused by earth movement and flood . You can , in most cases , ask to have earth movement coverage endorsed onto yur policy , but the only way to protect yourself from flood loss is by purchasing a Flood Insurance Policy . In addition to the physical coverages I have just referenced , the Homeowners ' policy will also provide Liability coverage . This line of coverage protect you from losses caused by bodily injury or property damage for which you are leagally liable . 