Home owner insurance coverage is an insurance coverage that offers homeowner's with protection over their home. Like other forms of insurance, the homeowner must pay the insurance company in order to receive protection. After making a claim, a financial settlement is delivered by the insurance company on the basis of the terms of the coverage. One very important element of homeowner insurance is the types of coverage that is included,, or more simply, what is covered. In general, the most basic coverage covers the external structure of the home, protecting the costs of rebuilding the external and structural damage if a fire or other such event were to occur. The other common things that might be covered include personal liability, personal property, and the costs of relocating after the home has been damaged to the point of being deemed inhabitable.