A home is one of the most valuable possession a person can have in a lifetime. It provides a sense of security for the homeowner in case there is a risk or threat in the safety of the home as well as its residents. As such, having some form of a property insurance is the smartest way to safeguard one’s home investment. In this case, the homeowners insurance is perhaps the best choice in terms of coverage and premium payments. Homeowners insurance or HOI (it is also called simply as home insurance or hazard insurance) is a private home insurance that includes a variety of personal insurance protection for the homeowner. These personal insurance protections include losses incurred on the home’s contents, losses arising from non-use or vacancy of the home and loss of personal belongings in the home, among others. Homeowners insurance is a multiple line insurance, hence, it also extends insurance for liabilities that may be incurred in case of an accident in the home. Mortgage loan agencies often require that home loan applicants purchase a homeowners insurance as a condition of approval to protect their money. The best thing about a homeowners insurance is that it enforces an indivisible premium, where a single premium payment is paid for all the identified risks covered by the insurance. Typically, the main insurance covers the house or the dwelling and the rest, which are called insurance riders, are attached to the HOI policy. The basic requirement for a homeowners insurance is that at least one of the residents named as insured occupy or live in the home and it is considered a primary home.