Final answer:
Homeowner's insurance covers financial risks associated with injuries to others, damage to personal property, and your place of residence.
Step-by-step explanation:
Homeowner's insurance provides coverage for the financial risks associated with injuries to others, coverage of financial risks associated with damage to personal property, and coverage for your place of residence.
For example, if someone gets injured on your property, homeowner's insurance can help cover the medical expenses and any potential legal costs.
Additionally, if your personal belongings are damaged or stolen, homeowner's insurance can provide financial protection to help replace or repair them.