Essay on Home Insurance : The Single Largest Investment

1460 Words Jun 8th, 2015 6 Pages
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 is required by most states and governments.
Homeowners Insurance
Buying a home is the single largest investment that most people make. The only main line of defense in protecting that investment is to get homeowners insurance. There are different homeowner insurance forms that will provide coverage for the home and belongings caused by different perils. One form is the basic form and it covers few perils, broad form covers more perils along with everything the basic form covers, and the special form covers the most perils. The basic form only covers fire, lightning, and international explosions. The broad form adds, riot, explosion, vehicles, smoke, hail, civic commotion, aircraft, windstorm, volcanic eruption, theft, vandalism, and…

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