Homeowners insurance provides financial protection in the event that your home or personal property are damaged. Homeowners insurance is designed to offer protection on the most valuable asset owned by individuals or families. Homeowner’s insurance policies include protection for both the home and the property that it sits on, as well as other buildings or structures on the property. Homeowners insurance also provides protection for most items located within the home or other structure. Policies also provide liability coverage to protect you or a family members that are held legally responsible (liable) for the injuries to others or to their property.