What does a homeowner's policy primarily protect against?

A homeowner's policy primarily provides protection against loss or damage to the home and the property within it. This includes coverage for the structure itself, such as the walls, roof, and foundation, as well as the personal belongings found within the home, like furniture, electronics, and clothing. The policy typically includes various perils that can cause damage, such as fire, theft, vandalism, and certain natural disasters.

While personal injuries to the homeowner and liabilities from renewable energy systems may be covered under specific circumstances or in separate policies, they are not the primary focus of a standard homeowner's policy. Additionally, natural fluctuations in property value are not typically covered by homeowner's insurance, as these changes are driven by market conditions and are considered a risk of ownership rather than a direct insurable event. Thus, the core purpose of a homeowner's policy is to safeguard the physical property and belongings of the insured.