Home insurance is more than a requirement from your mortgage lender—it’s a critical tool for protecting one of your most valuable assets. A standard home insurance policy typically covers the structure of your home, your personal belongings, liability protection, and additional living expenses in the event of a disaster. This coverage ensures that in the face of fire, theft, vandalism, or certain natural disasters, you’re not left facing financial ruin. Most homeowners policies come in several forms, such as HO-1, HO-2, HO-3, and HO-5, with HO-3 being the most common. Each level varies in protection, with HO-5 offering the most…