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Life in the USA American Community Housing
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Homeowners' Insurance
Homeowners insurance covers certain basic risks to a home or apartment and its contents. Fire insurance is a basic necessity for all home owners. In some areas, similar insurance can be purchased against such catastrophes as floods and earthquakes. Theft insurance is more a matter of discretion or choice, since it can be expensive (especially considering the high level of consumer fraud). It might be worth saving the high theft insurance premiums year after year and absorbing the cost of a possible theft. Liability insurance protects you if you are sued by someone who is injured in your home. It is a wise purchase in a society that allows astronomical damage awards for liability and negligence. Next Section: Home Security American Community: Chapter Home
Life in the USA Home
Page. The URL of this site is: http://www.lifeintheusa.com/community/insurance.htm
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