Without a doubt, a homeowners' policy is the best value for your insurance dollar. It is one little policy that does a lot. A homeowner's policy reimburses you for damage to your home from a variety of causes. Your homeowner's policy will also cover you if your home suffers complete destruction or you are unable to use it for a period of time. The insurance extends to your home's contents and liability for damage to property of others or injury caused to someone by you or a family member. You can personalize your homeowner's policy to include greater levels of protection for important property, home office situations, liability for boat ownership and additions and alterations to your residence.