A policy that combines together into one policy, coverage against the destruction or damage to the insured's property from various perils and the coverage for personal liability exposure of the insured.
Homeowners insurance provides home owners with a range of property and liability coverages. Generally, it covers the house, garage and other structures on the property, as well as possessions stored inside the home (like furniture, appliances and clothing), against perils (including fire and theft). The types of perils covered depends on extent of the policy. Coverage for flood and earthquake damage must be purchased separately. Homeowners insurance generally includes a 'loss of use' provision, which covers additional living expenses that occur when the policyholder has to live somewhere outside their home while it's being restored.
A Multiple peril insurance policy. It is available to owners of private dwellings and covers the dwelling and contents in the case of fire or wind damage, theft, liability for property damage and personal liability.