Homeowners insurance covers the structure of your home. Your homeowners insurance can help pay to repair or rebuild your home after a covered disaster or event such as a break-in, a lightning storm, a house fire, a tornado or a hurricane. Most policies also cover detached structures on the property, such as a storage shed, gazebo or guest house. If you don't have homeowners insurance and your home is damaged or destroyed, you would be responsible for covering the costs to repair, replace and rebuild.
 

• Homeowners insurance protects your possessions. 

• Homeowners insurance can help cover your lodging, if your home becomes temporarily unlivable.

• Homeowners insurance can help protect you from liability claims.