Home Insurance is one of the most important policies you can purchase. It not only covers your property, but it also covers liability issues.
Each living situation creates its own need to cover the people who live there or own the home:
Tenant & Condo Owner policies provide liability and contents coverage.
Dwelling Fire (non-owner occupied) policies provide liability and building coverage.
Homeowner policies provide all of it.
Under a home insurance policy, your property is covered against “perils” including fires, theft, vandalism, injury, and more. The liability coverage on these policies generally cover legal responsibility for incidents that may occur.
Homeowner policies usually offer endorsements which expand the built in coverage for additional fee - allowing you to determine which extra risks you wish to protect yourself from.