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Homeowners Insurance
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Homeowners
insurance is usually a package policy, which
means that it covers both damage to property and liability for injuries
and property damage policy holders or their families cause to other
people. In most cases this includes damage caused by household pets.
A standard homeowners
insurance
policy includes four essential types of coverage:
- Coverage for the
structure of the home
- Coverage for personal
belongings
- Liability protection
- Additional living expenses
Damage caused by most disasters
is covered with standard homeowners
policy but there are some exceptions, they do not cover war, flooding,
earthquakes or poor maintenance. In most cases homeowners can decide to
purchase special insurance that provide protection against flood and
earthquake.
In U.S. flood coverage is
provided by the federal government’s National Flood Insurance
Program,
although it is purchased from an insurance agent. Earthquake coverage
is available either in the form of an endorsement or as a separate
policy. Most maintenance related problems are the homeowners’
responsibility.
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RELATED INFO:
|
 Homeowners Insurance: 3 Insurance Rules After
Disaster Hits Your
Home |
| Home Insurance - The price
homeowners pay for home insurance can vary by hundreds of dollars,
depending on the
insurance company and your policy. |
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12
Ways to Lower Your Homeowners Insurance Costs - The price you
pay for your
homeowners insurance can vary by hundreds of dollars, depending on the
insurance company you buy your policy from. Here are some things to
consider when buying homeowners insurance. |
| After
the Flood: Tips from the National Flood Insurance Program |
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Click Here to learn more about
the damage floods can cause. |
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ABOUT
THE AUTHOR
For more information
about insurance visit: AllQuoteInfo.com
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