What do you think homeowners insurance covers? In a document, make a list of at least three things you think most homeowners insurance policies cover. Next, list three things you think homeowners insurance doesn't or shouldn't cover.
After you develop your list, watch the video Test Your Insurance IQ: Homeowners Policies from the Insurance Information Institute website. What did you get right? What did you get wrong? Are you comfortable with how much homeowner’s or renter’s insurance you will need?