A homeowners insurance policy is meant to protect you from the financial shock of unexpected damage or loss. But many homeowners don’t realize that their policy has very specific limits, exclusions, and conditions. Knowing what is and is not covered can save you from surprises when you need your insurance the most. Below is a straightforward overview of the typical coverages found in a standard HO‑3 homeowners policy—the most common type in Massachusetts—and the situations wh