Jim described it pretty well. If the homewatcher makes a mistake or doesn't check as they should, the homewatcher's insurance will cover damages. If the homewatcher has done their job properly, it goes to your insurance.
As to having a neighbor or friend watching your home, the main advantage actually goes to you since you have someone watching your home free or below market. Your insurance doesn't care who watches your home so long as it is checked. The disadvantage is to your neighbor -- if something does go wrong and the insurance company can claim it was due to negligence or mistake of your neighbor, your neighbor will be reimbursing your insurance company and your neighbor's home insurance policy will not cover this.
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Army/embassy brat - traveled too much to mention
Moved here from SF Bay Area (East Bay)
"There are only two ways to live your life: One is as though nothing is a miracle; the other is as though everything is a miracle." Albert Einstein
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