Homeowner’s insurance is a policy that provides financial protection to homeowners against damage or loss to their property due to various risks, such as fire, theft, or natural disasters. The insurance also, in most cases, covers personal belongings and liability for injuries occurring on the property. Remember, the majority of mortgage lenders require borrowers to have homeowner’s insurance to protect their investment in the property. In case of damage or theft, homeowner’s insurance helps cover repair or replacement costs, reducing the financial burden on the homeowner and providing peace of mind.