Your homeowners insurance policy may be full of jargon, exclusions, and conditions, but you'll be wise to read it thoroughly. Your policy protects you from some home-related property and liability risks, and covers your home and personal property if damaged, destroyed, or stolen. It's made up of preprinted pages, with the Declarations Page stating your unique information. Section I covers property provisions, and Section II defines your liability coverage. Be sure you understand the amount that the insurance company will pay if you have a loss.