Homeowner’s insurance provides economic protection against disasters. A standard home insurance policy insures the home itself and all the things kept inside. Home Insurance provides coverage for the building/structure and assets such as electronics, furniture etc. that are part of a standard household. It functions similar to any other insurance product and easy to understand features and terms. Home insurance policy combines various personal insurance protections, which can include losses occurring to one’s home, its contents, loss of other personal possessions of the homeowner, loss of use, as well as insurance for accidents that may happen at the hands of the owner of house or at the home within the policy territory.