Does my homeowners insurance cover damage to neighbor’s property?

Does my homeowners insurance cover damage to neighbor’s property?

But although a policy protects your home—the actual structure and your personal belongings—home insurance also covers your neighbor’s property under certain circumstances. If you’re liable for damages, the personal liability component of your policy pays the other party. Dec 27, 2021

Which of the following risks are covered by homeowners insurance?

Typical homeowners insurance policies offer coverage for damage caused by fires, lightning strikes, windstorms and hail. But, it’s important to know that not all natural disasters are covered by homeowners insurance. For example, damage caused by earthquakes and floods are not typically covered by homeowners insurance.

Is it worth having home insurance?

It is a good idea to take out home contents insurance to cover your possessions against fire, theft and other risks, such as accidental damage. If something happens to destroy or damage your possessions, it can cost a lot of money to replace them items, some of which may be essential.