Everyone has a different idea of what it means to make it in America. For some folks it means making mountains of money, while others are content with a good job and nice family. But no matter how you define success, it almost always involves a physical residence.
Home is where the heart is. A man's home is his castle. Home is where you hang your hat. These are more than mere sayings or simple proverbs. They express universal truths. Every man needs a place to call his own. Not just because he must be protected from the elements, but because privacy and security are essential for human happiness.
One reason why folks make such a fuss about home ownership is because it isn't easy. Ownership entails investment and an investment must always be protected. Failure to do so could and often does result in financial loss. Fortunately, human beings were circumspect enough to create something called insurance. Insurance protects very real assets from very real risks.
A glance at the nightly news is all you need to know that some pretty unfortunate things happen to people's homes every day of the week. They burn down, blow down, and even wash away. Few homeowners are lucky enough to avoid damage to their homes. Falling tree limbs, inclement weather, and accidents can damage or destroy any structure.
Home insurance protects people from financial loss when accidents and natural disasters inevitably occur. It might seem like a raw deal for the insurer. After all, they often have to pay out few claims over the life of the policy. But they manage to keep their doors open because catastrophic damages are quite rare. A house being burned to the ground, for instance, hardly ever happens.
There are four basic components that every homeowner should consider before he or she goes shopping for home insurance. The first is the coverage on the actual structure. Homeowners should always insure their homes completely. They should also make sure that the policy covers the contents of their home. As a general rule, an insurer should offer coverage that is equal to about half of the cost of the home. The policy should cover basic items like furniture and electronics as well as personal effects like clothing and sporting goods.
Home insurance also offers its policy holders liability insurance, which protects them in the event that someone is injured in the home or on their property. The fourth and final component is the reimbursement needed for additional living expenses. As you might expect, this is only required when something terrible happens to the policy holder's home and he has to find somewhere else to live while his home is being repaired or rebuilt.
Home is where the heart is. A man's home is his castle. Home is where you hang your hat. These are more than mere sayings or simple proverbs. They express universal truths. Every man needs a place to call his own. Not just because he must be protected from the elements, but because privacy and security are essential for human happiness.
One reason why folks make such a fuss about home ownership is because it isn't easy. Ownership entails investment and an investment must always be protected. Failure to do so could and often does result in financial loss. Fortunately, human beings were circumspect enough to create something called insurance. Insurance protects very real assets from very real risks.
A glance at the nightly news is all you need to know that some pretty unfortunate things happen to people's homes every day of the week. They burn down, blow down, and even wash away. Few homeowners are lucky enough to avoid damage to their homes. Falling tree limbs, inclement weather, and accidents can damage or destroy any structure.
Home insurance protects people from financial loss when accidents and natural disasters inevitably occur. It might seem like a raw deal for the insurer. After all, they often have to pay out few claims over the life of the policy. But they manage to keep their doors open because catastrophic damages are quite rare. A house being burned to the ground, for instance, hardly ever happens.
There are four basic components that every homeowner should consider before he or she goes shopping for home insurance. The first is the coverage on the actual structure. Homeowners should always insure their homes completely. They should also make sure that the policy covers the contents of their home. As a general rule, an insurer should offer coverage that is equal to about half of the cost of the home. The policy should cover basic items like furniture and electronics as well as personal effects like clothing and sporting goods.
Home insurance also offers its policy holders liability insurance, which protects them in the event that someone is injured in the home or on their property. The fourth and final component is the reimbursement needed for additional living expenses. As you might expect, this is only required when something terrible happens to the policy holder's home and he has to find somewhere else to live while his home is being repaired or rebuilt.
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