Mercury Insurance Explains the Basics of Homeowners Insurance PR Web February 26, 2021 Homeowners insurance is something that all homeowners need, but not something that everyone necessarily knows the ins and outs of. Mercury Insurance found in a recent survey that 17% of homeowners admitted to not having even read their insurance policy to know what is or isn't covered, and 50% of those surveyed are under the impression that their insurance policy will protect 100% of their property for any claim they might file. Knowing what is (and what isn't) covered by your insurance policy is vital to protecting your home, which can be your most valuable asset.