what is a homeowners policy
A Home Owners Insurance Policy is designed to protect home owners against certain perils. There is usually a deductible when filing a home insurance claim unless noted. Individual home insurance policies are determined by named perils and exclusions in a policy. Consult your agent or insurance company regarding any exceptions that may apply. Whether you buy your home owners insurance policy online or with a local agent, the typical home owners insurance policy is divided into 2 parts: 1  Part I: Home Insurance Property Protection.  Part II: Home Insurance Liability Protection.