All policies will include both property insurance (typically with a $250 or higher deductible) and personal liability insurance with no deductible. Let's look at some other issues:
IMPORTANT NOTE: If you are single and buying as live-togethers, be very careful about your insurance. Some companies will cover all owners on one policy, others will not. Most carriers will now cover both parties if they are named on the deed. However, if only one individual is a titled owner of the dwelling, then the other person (non-owner) needs to obtain a tenant's policy to protect their personal property and personal liability.
IMPORTANT NOTE: Many states require the purchase of Workers' Compensation insurance for your domestic household workers as part of your homeowner's policy. The rules in each state vary widely, so check with your insurance broker or state employment office to see how this affects you.
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