If you are buying your first home, understanding homeowners insurance for first time homeowners is an important part of the process. Your policy can help protect the house, belongings, and your finances if a covered loss occurs, while your mortgage lender will generally require proof of insurance before closing.
Does homeowners insurance cover theft? In most cases, yes. A standard homeowners insurance policy usually covers personal belongings that are stolen, as well as certain damage to your home caused by a break-in.
Does homeowners insurance cover tree damage? In many cases, yes—especially when a tree falls because of a covered event such as wind, lightning, or hail and damages your home or another covered structure.
Does homeowners insurance cover water damage? In many cases, yes—but it depends on where the water came from and why the damage occurred.