What is Homeowners Insurance?

Homeowners insurance is a form of property insurance that covers losses and damages to an individuals house, condo, or mobilehome and to assets inside the location. Homeowners insurance also provides liability coverage against accidents in or on the property. (See Types of Homeowners Insurance)

Homeowners insurance policies are generally 'package policies' which means that they include coverage not only for damage to the property but also cover your liability for any injuries or property damage to others caused by you or members of your family (including household pets).

Insurance for condominiums and apartments generally covers your belongings and liability as well as certain parts of the interior structure as defined in the by-laws or proprietary lease.

Renters insurance provides similar property and liability protections to those who don't own their home.

All forms of home insurance also provide additional living expenses (ALE) coverage for the extra costs of living away from home if it is uninhabitable due to damage from an insured disaster.


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The Mercury Policy and Claims Processing System was built from the ground up to Quote, Rate, Underwrite, Bind, Issue, Maintain, and Process Claims for all kinds of Property and Casualty insurance.

Check out our website to learn more about the system and what it can do for you as an Insurance Company, Managing General Agency, or Third Party Administrator.

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