Home insurance is the type of property insurance that covers private homes. Its policy covers various personal insurance protections, which can include losses occurring to one's home, its contents, loss of its use (additional living expenses), or loss of other personal possessions of the homeowner, as well as liability insurance for accidents that may happen at the home.
So with home insurance, home owners will have a peace of mind that there will be a company that will shoulder the expenses if ever there's an accident happens to their home.