Home Insurance protects the physical structure of your home and, in most cases, the belongings inside it. It covers risks like fire, storm damage, burglary, and vandalism, with policies typically split into building insurance, contents insurance, or both. 

If you work from home, it’s essential to verify whether your home policy covers business items, such as laptops or inventory, or if you require separate business insurance for these purposes. 

Home insurance is essential for homeowners and is often required by lenders if you have a mortgage. Keep in mind that it generally won’t cover investment properties, as landlord insurance is typically used for this purpose.