Home Insurance
Insurance is a contract between the insured and an insurance company that protects against the risk of large and calamitous loss.
The importance of home insurance cannot be undermined. There are two primary reasons why home owners buy home insurance. Firstly, a home is the most important asset belonging to a home owner, and the need to protect it is imperative. Secondly, mortgage lenders require home owners to own insurance to protect the lender’s investment form damage or loss.
Home Insurance
The major risks covered by home owner’s insurance are:
Damage or loss to the home and other structures included on the property
Damage or loss to personal property items in the home