Okuzeka
Insurance vocabulary · Property & Liability

Home insurance

Meaning in insurance, with examples

nounCore term

In insurance, home insurance means: Insurance for a house or flat and the belongings inside it against risks such as fire, water damage, theft and storms.

In Turkish: konut sigortası, ev sigortası

How it is used

Usually has two parts: buildings cover for the structure and contents cover for furniture and belongings. Tenants normally buy contents only. American English says 'homeowners insurance'. In Turkey it is often sold together with compulsory earthquake insurance.

Example sentences

  1. Our home insurance covered the damage when the washing machine flooded the kitchen.

  2. Many banks ask for home insurance before they release a mortgage.

Common collocations

  • home insurance policy
  • buildings and contents
  • home insurance quote
  • renew home insurance
  • property insuranceInsurance that covers buildings, equipment, stock and other physical assets against damage or loss from events such as fire, flood, storm and theft.
  • earthquake insuranceInsurance that pays for damage to buildings and contents caused by an earthquake and by events that follow it, such as fire or landslide.
  • fire insuranceInsurance that pays for damage to buildings, equipment and stock caused by fire and often by related events such as lightning and explosion.
  • sum insuredThe maximum amount an insurance company will pay under a policy, usually based on the value of the property or the amount chosen for a life policy.

More terms: Property & Liability

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This page explains English vocabulary for learners. It is not financial advice.