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Homeowners Insurance

Insurance

Homeowners Insurance is a property insurance policy that helps protect a home and its contents against covered losses, such as fire, theft, windstorms, and certain types of water damage. Policies may also include personal liability coverage and additional living expense benefits, subject to the policy's terms, conditions, limits, and exclusions.

Homeowners Insurance helps safeguard residential property and personal belongings while satisfying lender insurance requirements for many mortgages.

Why it matters for financial institutions

Homeowners Insurance protects the collateral securing a mortgage by helping ensure covered property losses can be repaired or rebuilt. For financial institutions, verifying and maintaining adequate coverage reduces portfolio risk, supports lending requirements, and helps preserve the long-term value of financed properties.