From Longman Business Dictionaryhousehold insuranceˈhousehold inˌsurance [uncountable] British EnglishINSURANCEPROPERTY insurance against damage to a building and against damage or loss of things it containsSYNBUILDINGS AND CONTENTS INSURANCEWill your household insurance pay for the damage if you spill a can of paint over your carpet? → insurance