Consumer's Guide to Homeowners Insurance
|
| Home insurance is an expensive purchase for many
Americans. This guide provides information on how to make decisions that can
lower the cost of your home insurance and increase the value you receive. |
| Although home insurance is not required by law
in most states, if your home is mortgaged, your lender may require the purchase
of insurance on your home. |
| To get the best value for your money, you must
take responsibility for your home insurance purchase and make your own
decisions. |
| The coverages offered to homeowners are
typically contained in a package of liability and property coverages. The
Consumer Guide principally addresses the package of coverages found in a
"homeowners" policy. It does not address the more limited offerings of fire and
extended coverages. It does not address the state special programs established
to meet special needs including availability. Contact your states insurance
department for more detail about special conditions of programs in your state. |
| Why Buy Home Insurance? |
| Owners: to protect both your house and
personal property. |
| Tenants: to protect your furniture and
other personal property. |
| Everyone: protection against liability
for accidents that injure other people or damage their property. |
|
|
