/ Dictionary / Index H homeowner's policy: Meaning and Definition of Find definitions for: home'owner's pol"icy Pronunciation: [key] — Insurance. Insurance. a form of home insurance that provides compensation for damage, loss, or injury of property, personal belongings, or persons due to fire, theft, accidents, etc. Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease. homeowner home page Related Content Daily Word Quiz: arid Analogy of the Day: Today’s Analogy Spelling Bee: Today’s Spelling Bee Frequently Misspelled Words Frequently Mispronounced Words Easily Confused Words Writing & Language