A homeowners insurance policy protects your dwelling and property in the event of several calamities, such as fire, wind damage, vandalism, theft, and more. If you are looking for the homeowners' insurance in Alaska, you want one that covers your homeowners' insurance needs. The bottom line of having homeowners insurance, also known as home insurance, is that you get compensated for loss to your home and its possession. Keeping a homeowners insurance policy also offers added protection to your most significant investment. If you are liable for the injury of another on your property, the insurance company will serve this plan. It also protects you from making huge financial losses. For example, if your properties get stolen by burglary and destroyed by natural disasters such as fire, storms and theft. Some basic homeowners insurance terms include dwelling, other structures on your property or contents, personal liability protection, loss of use and medical payments. The dwelling coverage protects the home structures from damage from a covered event. They include wind, hail, lightning or fire. If you want protection against earthquake, you have to request for a separate plan.