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Home insurance, in plain language
Protects the house structure and your belongings against covered losses.
What it typically covers
- The physical structure of your home (dwelling)
- Personal belongings up to your policy limits
- Liability if a guest is injured at your home
- Additional living expenses if your home is unlivable
Watch out: Standard policies generally exclude flood — that needs a separate flood policy.
Key terms
DwellingCoverage to repair or rebuild the structure itself.
Replacement costPays today's price to replace an item, no depreciation.
Actual cash valueReplacement cost minus depreciation.
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