Are you giving enough attention for the safety of your home? You may spend good volume of money for car insurance, medical insurance, health insurance etc but how much you pay for your home coverage? What are the benefits that home owners insurance offers? While expecting for great benefits, you have to consider the price rates and premium amounts of policy. A cheap home owner?s insurance policy which doesn?t covers even your basis requirements would be bad and unsound. Home owners insurance plan offers great benefits which you have never thought of. It covers your home when it gets burned or any of your property gets damaged. Home owners insurance also pays for a third party if they got injured due to your negligent act. This coverage has relevance if the act has taken place far from your home. It also reimburse for living expenses if you are not able to live in your home because of some covered event.