What must homeowners insurance include under Section I?

Homeowners insurance is designed to protect homeowners from various risks, and Section I specifically addresses the coverage related to the physical property. This section typically includes property coverage, which encompasses the structure of the home itself and any attached structures, as well as personal belongings within the home.

Property coverage ensures that homeowners are financially protected in the event of risks such as fire, theft, vandalism, or damage caused by certain natural disasters. It is essential for homeowners to have this type of coverage to safeguard their investment and ensure that they can repair or replace their home should a loss occur.

While liability coverage, additional living expenses, and personal property coverage are also important aspects of a homeowners insurance policy, they fall under different sections or provisions. Liability coverage pertains to protection against claims arising from injuries or damage to others, additional living expenses cover costs incurred if a homeowner must live elsewhere while their home is being repaired, and personal property coverage specifically deals with protecting an individual’s personal belongings. However, property coverage is the foundational element included under Section I of homeowners insurance policies, as it directly pertains to the physical structure and its associated risks.