Essay On Home Insurance

1460 Words 6 Pages
Introduction
Having the right home and or car insurance is more important than ever, in the world we live in today. Two of the most necessary forms of insurance that you will find are home and car insurance. They are also the most common form of insurance protection for that reason. In its most basic role, home insurance provides protection for our families and visitors as well. Homeowners insurance provides liability protection that insures you and your family. Home insurance will provide protection against most disasters. Flood insurance and earthquake insurance are not commonly included in the home insurance policy. Auto insurance plays a very large role in protecting us, our families, and others. Auto insurance is so important that it
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This coverage is only provided at actual cash value and will not pay to rebuild the home. New Orleans is a perfect example of the need for flood insurance. Many people lost their homes and everything that they owned but did not have flood insurance. Homeowners insurance can be expensive but there are ways to still save money; common discounts can help keep the price of insurance down. Most insurance companies provide a home/car discount saving the homeowner 15-20%. If the homeowner has an alarm system, the insurance company will provide a discount, and if the system is monitored the discount will increase. Maintaining good credit can also help the homeowner to receive a discount. When filing a claim, homeowners should try to limit claims to “big stuff”, not small claims. The rule of thumb: Do not file a claim if it exceeds the deductible by less than …show more content…
There are four basic coverages of the standard personal auto policy. Liability coverage provides the auto owner with the coverage they need when they are at fault in an automobile accident. This coverage offers two types of protection, coverage for injuries to other people and coverage for damage caused to someone else’s property while the owner or family member is operating any vehicle. So if someone accidently hits another driver, the liability coverage would not only pay for the other person’s car, it would also pay for the other person’s medical expenses related to their

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