Homeowner’s insurance is a type of property insurance that provides coverage to losses and damages on people’s property as well as assets in the house. The insurance also provides coverage to accidents that occur in the house or on the property. Property insurance typically includes homeowners insurance, renters insurance, earthquake insurance and flood insurance. In general, it provides protection from fire, theft and some weather damage. It is important to know what exactly your policy covers, and you can typically add additional coverage but at a greater cost.