Homeowners insurance protects finances when covered events damage your home or belongings.
Mortgage lenders often require coverage starting the day you close on a house.
Key policy terms: claim, declarations page, deductible, endorsement, limit.
Standard coverage types: dwelling, other structures, personal property, loss of use.
Also included: liability protection and medical payments for injuries on your property.
Common exclusions include floods, earthquakes, wear, mold; endorsements can add coverage.
