It's about your home, where you live. It is your biggest and the most valuable asset & you need to protect it. For that home insurance is available. It provides a safety net for you, your house & the people live in that house, in unforeseen circumstances.

Your home insurance needs depends on where you live, whether its a normal house, a condominium, an apartment or a mobile home. When shopping for the insurance, make sure that the insurance should cover all the aspects of your requirements. You should go for the best deal. The main point to consider when availing insurance is the total coverage of it. 

There are two types of coverage in home insurance: 

1. Property: Property coverage covers:

• Damages to your home
• Damages to other structures on your property
• Damages to your personal property

2. Liability: Liability coverage offers:

• Personal Liability coverage: This coverage pays, up to your limit of liability, when you or a resident family member is found legally responsible for damage to the property of others or injuries to persons who are not members of your household.
• Medical Payments to Others: Pays medical bills if someone (outside of your family) is injured while on your property, or is injured by you or a resident family member away from your property. This coverage is available regardless of whether or not you are legally responsible for the injury.

For that you should keep some points in mind:

• Get insurance from a quality company.
• Choose a company that's available when you need it most.
• Choose a company that will give you superior customer service and support.
• Choose a company with a wide variety of coverage options.
• Don’t rely on the coverage levels mandated by your bank or mortgage company. Those levels are designed to protect the house itself, but not necessarily your possessions.
• You might also need additional coverage for such things as earthquakes or flooding. 
  Don't just go for the low price policy. Understand the complete policy and the service promises behind the price.
• You need to buy the right type of policy. You need the proper level of protection, plus special provisions for valuables such as jewelry, your computer equipment and other possessions.

Types Of Home Insurance Policies:

• Basic Homeowners Policy (HO-1)
• Broad Homeowners Policy  (HO-2)
• Special Homeowners Policy (HO-3)
• Renters Policy (HO-4)
• Extensive Homeowners Policy (HO-5)
• Policy For owners of co-ops or condominiums (HO-6)
• Policy For Older Homes (HO-8)