Back to Glossary
Homeowners Insurance
January 19, 2023
Homeowners insurance, often known as house insurance, is a type of property insurance that covers a private residence. A homeowners insurance will typically cover losses and damages to your dwelling, as well as furniture and certain other valuables contained within your home. Home insurance may also include liability coverage for certain types of incidents in or around your home or on your land. Mortgage lenders usually require home insurance coverage.
Related Topics
Navigating the Process of Mortgage Modification
What Is Non-Recourse Lending?
What Is a Short Sale?
When Is the First Mortgage Payment Due?
What Does Foreclosure Mean?
What Is a HELOC Loan?
Loan Default
Financial Considerations (For First-Time Home Buyers)