A homeowner policy refers to an insurance policy that is specifically designed for people who own their homes. This type of policy typically covers damage or loss to a property, as well as liability coverage in case someone gets injured on your property. It may also include additional coverages such as theft, vandalism, and natural disasters like fire, windstorms, and hail. A homeowner policy is different from other types of insurance policies because it provides comprehensive protection for a person's biggest investment - their home.