Most homeowners purchase a standard homeowners' insurance policyand rarely take the time to read it after they receive it fromtheir agent.

They may skim it to determine what kind of coverage exists iftheir contents are lost or stolen, or if their hot water heaterleaks, but most don’t give it a thorough review.

The Insurance InformationInstitute says that homeowners' insurance provides coverage forthe structure and contents (personal belongings), and additionalliving expenses if the home is unlivable because of a covereddisaster like a fire, as well as liability protection againstlawsuits, damage or injury family members or pets may cause toothers.

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