The insurance industry separates homeowners insurance into six individual coverages, labeled with the letters A through F:Ĭoverage A – Dwelling coverage: This pays for damage to the structure of your home.Ĭoverage B – Other structures: This protects you against loss to unattached structures on your property, such as a detached garage or tool shed.Ĭoverage C – Personal property: This coverage pays for personal belongings in the home that are affected by the loss. The goal of homeowners insurance is to get you and your home back to where you were before the damage or destruction occurred as quickly as possible. And without a homeowners insurance policy in place, you’d be on the hook for the full cost of these repairs. After damage from a major storm, a fire, or an event the insurance industry describes as an “act of God,” you’ll want to repair your home to continue living there comfortably.
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