Why Do You Need Homeowners Insurance?

The biggest single investment most people make in their lifetime is buying a home, condominium or townhouse. What you want to do is protect your home, personal property and any type of liability with a homeowner's insurance policy.

Homeowner's insurance just does not cover homes, but it will cover those who rent homes, apartments, condos, and townhouses. These homeowner's policy are referred to at renter's homeowner policies. If you are a renter, you will not need protection against damage to the building itself, but you will need protection against damage or theft of your personal property and any type of liability just in case someone falls or gets hurts on the part of the premises that you rent.

A condominium or townhouse owner may also purchase a homeowner's policy to insure against loss of personal property. The condominium and townhouse owners also are responsible for the inside of the condominium or townhouse. You are not responsible for the outside structure but the walls and inside structure is your responsibility.

You, of course, would be protected with homeowner's insurance if there was theft or liability just in case someone injuries themselves in your condominium or townhouse. You would also be responsible if you cause, for example, water damage to someone's condo that may be underneath you.

Condominium or townhouse owners may buy homeowner's policies that may also include any additions or alterations not insured by the Condominium Association.

It is very important to check with your Condominium or Townhouse Association what is exactly covered by the Condominium Association and exactly what is not covered regarding the whole structure of your condominium.

Then sit down with your insurance agent before buying a policy to make sure you are adequately covered if there is fire damage within your home, water damage, roof damage or any type damage that you may not be sure is covered by the Condominium Association.

Copyright 2005

Fern Kuhn, RN
Specializing in Diabetes
http://www.homeinsurancehelp.info

http://www.diabetestestingcenter.com

You may reprint this article if you keep the links active.

---

Accident Factoids

Accidents, personal injuries and insurance claims are here to stay.... Read More

Sisters Are Insuring Themselves: Finance is the New Feminism

According to a study by LifeSearch, the number of women... Read More

How Can I Compare Life Insurance Quotes?

The online life insurance companies offer a free service where... Read More

Are You Overpaying On Your Home Insurance Policy?

For many consumers the cost of daily living is becoming... Read More

Health Insurance Options for Entrepreneurs

One of the most important benefits employed people enjoy is... Read More

Six Ways to Cut the Cost of Your Auto Insurance

Is your auto insurance bill $12000 a year or even... Read More

How Does Credit History Affect Car Insurance Rates?

Many personal car insurance companies consider your credit information when... Read More

Life Settlement: Towards A Free Market for Life Insurance

The Life Settlement market is all about providing due access... Read More

Can I Really Get Life Insurance, No Exam Required?

Changing the way that life insurance is bought and sold... Read More

Filing An Insurance Claim

Everything seemed pretty simple when you purchased that insurance policy.... Read More

Why Do You Need Homeowners Insurance?

The biggest single investment most people make in their lifetime... Read More

Types of Auto Insurance Coverage Explained

A question you might ask yourself is: why must we... Read More

Why Should I Go To A Life Insurance Broker?

A life insurance broker is a dedicated person that encourages... Read More

Insights Into Your Med-Pay Insurance Coverage

While Legal Romantics would like to characterize the trial of... Read More

Term Life Insurance - Buy Term and Invest the Difference!

The phrase "BUY TERM AND INVEST THE DIFFERENCE" evolves around... Read More

Car Insurance Discounts

Trying to save money wherever you can is important to... Read More

Should I Buy Rental Car Insurance?

Rental car agencies have a menu of insurance policies they... Read More

Private Health Insurance: A Sense of Dissatisfaction

The three C's, customization, consumerization and customer-satisfaction, seem to be... Read More

Auto Owners Insurance ? Do You Really Need It?

If you think you don't have any need for auto... Read More

What Is Health Insurance?

What is health insurance and why do I need it?... Read More

Health Insurance Plans - Benefits to Different Plans & Providers

Health insurance plans vary in their coverage and prices. The... Read More

How to Reduce Car Insurance Premiums

Here are some useful tips on how to reduce car... Read More

Poor call centre performances driving motorists online for insurance

In their efforts to cut costs more and more finance... Read More

Young Driver Car Insurance

It has become increasingly difficult to get young driver car... Read More

Do I Need Travel Insurance?

In the United States health insurance, unlike many other countries,... Read More

Cheap Insurance - Ten Ways

Cheap insurance? Auto insurance, life insurance, health insurance, liability insurance... Read More

Is Purchasing Travel Insurance Smart?

To answer the question "is purchasing travel insurance smart?" let's... Read More

Vehicle Insurance Online is a Convenient Way to Get Insurance Cheap

Online comparison shopping is a convenient way to get cheap... Read More

Long-Term Care Insurance: Eldercare Solution

When I suddenly had to become a fulltime caregiver to... Read More

Terrorism Insurance - What it Costs Small Business

The Terrorism Insurance Act of Nov. 26, 2002. This helps... Read More

How to Reduce Home Insurance Premiums

Here are some useful tips on how to reduce Home... Read More

Saving on Auto Insurance: The Road to Reduction

The road to saving on auto insurance is something that... Read More

Mortgage Insurance Plans: How Good Is Yours?

Mortgage insurance, to pay off a mortgage, is something you'll... Read More