Home insurance is a cover that pays or compensates you for damage to your home due to natural calamities, man-made disasters or other threats. It covers liabilities due to fire, burglary, theft, flood, earthquakes, and sabotage. It not only offers financial protection to your home, but also takes care of the valuables inside the property. Some of the common types of home insurance are:Standard fire and special perils policy, Home structure insurance, Public liability coverage, Content Insurance.