Definition - What does Habitation mean?
Habitation is the right of dwelling or residing in a property.
Insuranceopedia explains Habitation
Depending on the contract, the dweller or resident might not use it for a purpose other than habitation, such as using the property for commerce.
Insurers sell products to to cover financial risks related to habitation. Policies can cover perils like theft or natural disasters. The owners of inhabited commercial properties like condominiums or hotels can also buy property insurance to cover themselves for various risks.