Homeowners insurance provides financial protection against disasters. A standard policy insures the home and the things that you keep in it.
Homeowners insurance is a package policy. This means it covers both damage to your liability or legal responsibility for any injuries and property damage you or members of your family cause to other people. This includes damage caused by household pets.
Damage caused by most disasters would be a covered claim but there are exceptions. The most significant damages are those caused by floods, earthquakes, tornados, and poor maintenance. You must buy two separate policies for flood and earthquake coverage. Maintenance-related problems are the homeowner’s responsibility.