Home insurance

 Homeowners insurance is a type of property insurance that provides coverage for your home and its contents. It helps protect you financially if your home is damaged or destroyed due to covered events such as fire, theft, or natural disasters. Here are the key components of homeowners insurance and an estimate of the costs

• Dwelling Coverage (Cost to Rebuild Your House): Dwelling coverage is the foundation of home insurance. It pays to rebuild or repair your house if it’s damaged due to a covered event. Your home insurance company can estimate the cost of rebuilding your house. Other related coverages include:
  
• Other Structures Coverage: Pays for repairing or replacing structures not attached to your house (e.g., sheds, fences).
• Additional  Living Expenses Coverage: Reimburses extra expenses (like hotel bills and meals if you cant live at home due to a covered incident
• Personal Property Coverage (Value of Your Belongings): This coverage pays to repair or replace your belongings (furniture, appliances, clothing, etc.) if they’re damaged or destroyed by a covered event
• Homeowners Liability Insurance: Liability insurance within a homeowners policy covers injuries and property damage you accidentally cause others. For example, if your dog bites someone, liability insurance can cover medical expenses and legal costs if you’re sued.

As for the cost, it varies based on factors like location, home condition, deductible, and coverage amount

 Renters insurance covers your personal belongings in case of theft, fire and other disasters 

• Damages to furniture, clothing and other personal items
• Your personal belongings, whether they’re in your home or elsewhere
• Personal liability for another’s injury or their property, if damaged

You can also add:

• select policy enhancements
• add-ons such as valuable items coverage
• extra coverage for your belongings
• full replacement costs regardless of depreciation.