• Dwellings and other structures - For most of us, our home is the single, largest investment we will make.   Homeowners insurance provides coverages for damage to your home and other structures on your property such as a shed or detached garage.
  
  
• Personal Property - Homeowners insurance also provides coverage for your household contents and personal belongings. You may think your couch, coffee table, sweaters, shoes, coats, TV, VCR and CD player aren't worth a lot but those items all add up.
  
  
• Personal Liability - Finally, in the event someone is injured on your property or you damage property that belongs to others, you could be held legally liable for the injury or damage.  A homeowner policy provides liability and personal property insurance to financially protect you should this ever occur.
  

Enjoy the benefits of Homeowner's liability insurance even if you rent or own a condominium.  If you rent or own a condominium, you still need coverage for your household contents and personal belongings and personal liability.  There are specific policies designed for those who rent or own condominiums.

Need more info: