Homeowner’s insurance provides financial protection against causes of financial losses at home. Homeowners coverage indemnifies you after the loss occurs.
Therefore, it should pay to repair your home structure to how it was before you suffered the loss. It also helps pay to replace certain belongings, such as furniture and electronics, that are stolen or damaged by a covered loss.
Additionally, if you cannot stay in your home due to the covered loss, your homeowner’s insurance coverage may help pay for temporary increased living costs, such as hotel bills.