What typical features are included in a "standard homeowners policy"?

A standard homeowners policy typically provides coverage for liability and living expenses, which are essential components of the protection it offers. Liability coverage protects homeowners against claims resulting from injuries or damage that occurred on their property or as a result of their actions. This coverage is crucial, as it helps pay for legal fees, medical expenses, and damages awarded in a lawsuit arising from an incident related to the homeowner's property.

Additionally, living expense coverage, often referred to as "loss of use" coverage, assists homeowners in covering additional living costs if they are unable to live in their home due to a covered peril, such as a fire or severe storm. This can include costs for temporary housing, meals, and other necessary expenses incurred while the home is being repaired or restored.

These features are designed to offer comprehensive financial protection and peace of mind to homeowners, ensuring they are supported in various unexpected situations that impact their property and well-being. Other options listed, such as coverage for international travel, financial advice, or utilities, do not align with the standard offerings of a homeowners policy.