Question

Homeowner's insurance provides insurance in the event of property damage or personal liability relating to home ownership, but not theft. True or False

Answer 1

False. Homeowner's insurance provides insurance coverage for property damage, personal liability, and theft.

Step-by-step explanation:

False. Homeowner's insurance provides insurance coverage for property damage, personal liability, and theft. It is designed to protect homeowners from financial loss in the event of various perils, such as fire, theft, vandalism, or natural disasters. The insurance policy typically covers both the structure of the home and its contents, providing reimbursement for repairs or replacement of damaged or stolen items.

For example, if a homeowner's belongings are stolen during a robbery, the insurance policy would provide coverage to replace the stolen items. Similarly, if the home is damaged by a fire, the insurance policy would cover the cost of repairs.

It is important for homeowners to carefully review their insurance policy to understand the specific coverage and limitations for theft and other perils.