Home Insurance Terms

Home insurance, or even homeowners insurance, is an insurance policy that combines insurance on the home, its contents, loss of the use of the home (additional living expenses) and, typically, the more individual possessions of the homeowner, as well as liability insurance for accidents that can transpire at the home.

The cost of homeowners insurance scales upward depending on what it would cost to replenish the home, and which extra "riders", meaning extra items to be insured, are bound to the policy. The insurance policy itself is a long contract, and list what will and what will not be paid in the case of various cases.

Virtually all insurers charge less if it appears less likely the home will be damaged or even destroyed: as an example, if the home is situated next to a fire station, or even if the home is equipped with fire sprinklers and fire alarms.

Often, claims aren't paid because of earthquakes, floods, "Acts of God", or even war (whose definition occasionally includes a nuclear explosion from any source). Some kind of special insurance can be purchased for these possibilities.

In the United States, virtually all home buyers borrow money in the form of a mortgage, and the mortgage lender always requires that the buyer acquire homeowners insurance as a condition of the loan, consecutively to protect the bank if the home were to be destroyed. Anyone with an insurable interest in the property should be listed on the policy.

Copyright 2005 Fern Kuhn, RN
Specializing in Diabetes

http://www.diabetestestingcenter.com

http://www.homeinsurancehelp.info

http://www.healthinsurancecenter.info

You may reprint this article as long as you keep the links active.

---

Finding California High Risk Truck Insurance

California high risk truck insuranceIf your are in need of... Read More

5 Strategies To Reduce Your Car Insurance Premiums

Your latest car insurance bill has arrived and it is... Read More

What Does Buildings Insurance Cover?

You will find that your lender will insist that you... Read More

Basic Coverage of Homeowner Insurance Policies

The insurance policy is a package that includes more than... Read More

Gain An Advantage Over Your Competition By Controlling The Cost Of Your Health Insurance

As many of us expect, the New Year will bring... Read More

How Is Your Auto Insurance Policy Price Determined?

The average auto insurance policy price is derived from a... Read More

High Risk Auto Insurance - How to Lower Rates

How is your driving record lately? Do you have a... Read More

Everybody Wants The Best Term Life Insurance Quote

The information you need about the best term life insurance... Read More

Whole Life Insurance - Whole Life Insurance Information

The original purpose of life insurance was to provide for... Read More

10 Tips to Save on Healthcare Insurance

Americans shopping for their own healthcare insurance can substantially cut... Read More

Guide to Life Insurance

Here is a useful guide to life insurance. Simply put,... Read More

Why Dont Women Have Life Insurance?

Traditionally, life insurance companies solicited men as the main breadwinners... Read More

Life Insurance No Medical Exam - Is It Really Possible?

Quite often you feel that an ad for life insurance... Read More

Car Insurance Rates ? Can You Lower Them?

Car insurance rates are prohibitive nowadays. Many families really struggle... Read More

Origin Of Long Term Care Insurance

In the early 1980's Medicare started using a system called... Read More

UK Young Driver Motor Insurance - Build Your Own No Claims Bonus or Insure through Your Parents

For may young drivers, affording the costs of motor insurance... Read More

Filing An Insurance Claim

Everything seemed pretty simple when you purchased that insurance policy.... Read More

Six Ways to Cut the Cost of Your Auto Insurance

Is your auto insurance bill $12000 a year or even... Read More

Term Or Whole Life Insurance - Which Is Right For You?

One of the most important things you will ever do... Read More

The Many Benefits of Travel Protection Plans

Many people purchase insurance thinking I want full coverage and... Read More

How to Reduce Car Insurance Premiums

Here are some useful tips on how to reduce car... Read More

Home Insurance Terms

Home insurance, or even homeowners insurance, is an insurance policy... Read More

Accident Factoids

Accidents, personal injuries and insurance claims are here to stay.... Read More

Insurance Adjusters How They Work And How They Think

Here comes the insurance adjuster. Is he overly friendly? If... Read More

Buildings Insurance and the Threat of Flood

What is the impact of increased flooding risk in the... Read More

Cure The Insurance Blues By Lowering The Cost of Your Premiums

Does the current amount that you pay on your insurance... Read More

How Do I Lower My Auto Insurance Premiums?

It seems as though the price of everything is on... Read More

Auto Insurance Information Online - Compulsory Auto Insurance

In 47 of the 50 United States, it is illegal... Read More

Life Insurance: Who Needs It And How Much Do You Need?

Your friendly, neighborhood life insurance agent is most likely to... Read More

Long Term Care Insurance

Long Term Care Insurance is needed in the event that... Read More

Risk Retention Groups RRG

In response to a hard insurance market in the mid... Read More

Car Insurance Quotes Online ? Why You Should Use the Internet to Find a New Insurance Company

Before the internet, you picked a neighborhood car insurance agent,... Read More

Health Savings Accounts

Most people with health insurance, especially employer paid health insurance,... Read More