Glossary

Homeowners Policy

A package insurance policy providing property and liability coverages tailored to the needs of most home owners, condominium owners, and apartment tenants. Various versions are available depending on the type of dwelling insured and the scope of protection to be covered. It is the most commonly used insurance policy protecting homes in the United States.

Definition provided by the International Risk Management Institute (IRMI) Glossary of Insurance.

-- This content is provided for educational purposes only and may not be suitable for all circumstances. --

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