What is Home insurance?
'''Home insurance''' is a type of [[Insurance|insurance policy]] that covers losses and damages to the home and/or its contents. Home insurance protects [[Owner-occupancy|homeowners]] from [[Danger|perils]] such as fire, [[flood]], [[vandalism]], [[theft]], [[malicious damage]], water, wind, [[hurricane]], [[earthquake]], the weight of snow, hail, and more. Insured perils and amount of coverage are listed in the policy [[Document|documents]]. Coverage varies according to the type of policy. Some policies cover only the building, while some include contents. There are also other benefits that may be included in the homeowners insurance policy such as Additional Living Expenses, which is the added cost the insured incurs when using alternative accommodation if the home is [[uninhabitable]]. The effects of climate change are pushing up the costs of home insurance. Extreme weather events such as storms, floods and [[Wildfire|wildfires]] have become more frequent and severe <ref>{{Cite web|title=The uninsurable world: what climate change is costing homeowners|url=https://www.ft.com/content/ed3a1bb9-e329-4e18-89de-9db90eaadc0b|access-date=2024-02-13|website=www.ft.com}}</ref> ==References== {{reflist}}{{Stub}} [[Category:Insurance]] [[Category:Housing]]