Your house is likely to be the one of the biggest investment, it's important to protected from casualty.
Home Owner Insurance
Homeowners insurance is a package policy. This means that it covers both damage to your property and your liability or legal responsibility for any injuries and property damage you or members of your family cause to other people. This includes damage caused by household pets. Damage caused by most disasters is covered but there are exceptions. The most significant are damage caused by floods, earthquakes and poor maintenance.
Homeowner's insurance doesn't cover losses from floods. A federally backed mortgage for home in a government-designated flood zone requires flood insurance. However, if your house is close to a lake, beach or in a high possibility flood zone, you need to think of get a flood insurance. (You can search if the flood zone map at FEMA Flood Map Service Center.)
Federal flood insurance can be obtain from a local insurance agents (Find one at floodsmart.gov). The policies max out at $250,000 for home and $100,000 for its content with no reimbursement for decks, porches or anything else outside.