Just like a Business Owner’s Policy (BOP) combines multiple categories of protection into a single policy, typical homeowners insurance covers three major categories:
- Structure – Protects your home’s roof, walls, foundation, etc.;
- Liability – Protects you from lawsuits in the event a third party experiences injury, damage, or loss (i.e. your dog bites someone or your neighbor slips and falls on your stairs);
- Personal property – Protects your belongings (i.e. anything you would take with you when you move) against damage and/or theft.
It is this last category—theft—that often raises questions, even among veteran homeowners.
