Homeowners' Insurance, from Life in the USA: The Complete Guide for Immigrants and Americans

Life in the USA is a complete guide to American life for immigrants and Americans. All materials on this site Copyright © Elliot Essman 2007. All rights reserved.    Home    Back    Next

Life in the USA
American Community
Housing

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

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