Homeowners insurance is the primary insurance product for residential property, including related liability loss exposures. Homeowners insurance is typically provided in a package policy. A package policy is one that combines two or more separate coverage's, such as property and liability insurance, into a single policy. Thus, if the home suffers a fire loss, the homeowners policy provides property coverage. In addition, if a guest falls down the defective stairs of a home and sues the owner, the homeowners policy provides liability coverage including any defense costs.

Every Policy is different and not all perils are covered.