Homeowners insurance provides financial protection in case of damage to your property, and covers your liability for injuries and property damage you or family members may cause to others. The homeowners insurance policy covers damage to your home caused by most disasters, except for a flood, or an earthquake, which would require separate insurance policies. 

Structural Coverage - If your home is damaged or destroyed by fire, or other disaster listed in your policy, the insurance company pays to repair or rebuild your home. Property structures that are detached, such as a garage, are usually covered as well. Your homeowners insurance policy should provide enough money to rebuild your home if necessary. 

Liability Coverage - If someone is injured on your property, the liability part of your policy pays for their medical expenses, the cost of defending you in court, and any court awards, up to the insurance policy limit. The policy should provide no fault medical coverage, without a liability claim.

Personal Items - Your personal belongings, such as, furniture and clothes, are covered by your homeowners insurance, if they are destroyed by fire, or other insured disaster, or if they are stolen. There is a percentage or dollar limit to replace these items, as specified in your policy. Trees, plants and shrubs should also be covered under the standard homeowners insurance.

Living Expenses - Your homeowners insurance should pay the costs of living away from home, if you can't live there because of damage from an insured disaster, which includes hotel rooms, restaurant meals, and other living expenses.