homeowners insurance policy definition

homeowners insurance policy

Broad-protection package policy that typically covers the insured and his or her spouse, children, and anyone else under the age 21 (living in the same household) against fire, personal liability exposure, and other associated perils.

homeowners insurance policy is in the General, Marine, & Life Insurance and Real Estate & Buildings subjects.

homeowners insurance policy appears in the definitions of the following terms: abandonment, market value policy and replacement cost policy

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