Depending on what's damaged, two types of coverage within a   homeowners insurance policy   may apply. Dwelling Coverage Dwelling coverage  helps pay for damage to the structure of your home if it's damaged by a covered peril. So, if a pipe suddenly bursts and damages a wall, dwelling coverage may help pay for repairs.   Personal Property Coverage Personal property coverage  helps pay for damage to your belongings if they are damaged by a covered risk. So, if a  burst pipe  results in a drenched computer or bookcase, personal property coverage may help pay to repair or replace the damaged items. Keep in mind that a deductible will likely apply before your coverage kicks in. Also, coverage limits may apply. Read your policy to brush up on how much coverage your policy provides. Your agent can help you adjust your coverage to fit your needs or answer questions about your policy. DOES HOMEOWNERS INSURANCE COVER WATER DAMAGE FROM LEAKING PLUMBING? Homeowners insurance may help co