Definitions for "Homeowner’s Insurance"
A type of insurance that includes coverage for loss or damage of property, additional living expenses incurred as a result of property loss or damage and personal liability.
Includes the coverage for hazard insurance plus added coverage such as personal liability, theft away from the home, and other such coverage.
An insurance policy required of the buyer that will compensate the insured for a loss on the property due to specified hazards. (e.g., fire, theft, etc.)