 |
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 defense costs. |
|
