Homeowners Insurance - 6 Reasons to Buy:

The natural and human disasters described above can result in the destruction of a home that may still be under mortgage or leave the owner with an expensive repair bill for which they will have insufficient funds in their personal savings. In addition to not having insufficient funds to facilitate repairs, the damage to a home can be a major nightmare for the homeowner and the psychological stress associated with the damage can be very difficult to handle. Insurance was established precisely in order to cover such contingencies and the concept of having a pool of fund from which those afflicted by misfortune is not a new one.

The earliest form of insurance consisted of pooling stocks of grain from which those farmers and merchants who had suffered losses in trade or as a result of natural disasters were compensated. The concept associated with the pooling of grain resources was extended to cover a variety of risks associated with threats to human life, health, property, losses incurred as a result of a fire and numerous other risks that are present in everyday living. The advantages of all forms of insurance are obvious in the fact that those afflicted with misfortunes are provided support and rehabilitation from jointly owned resources to which the afflicted parties had also contributed (Jeffrey, 2005).

1. Introduction	7. Types of Homeowners Insurance
2. Origins of Homeowner Insurance	8. Mortgage Lenders REQUIRE Homeowner Insurance
3. Advantages of Homeowner Insurance	9. Peace of Mind for You and the Mortgage Company
4. Homeowner Insurance Personal Injury Coverage	10. Disadvantages of Mortgage Escrow
5. Home Contents Also Covered by Homeowners Insurance	11. Conclusion
6. Valuables NOT Covered by Homeowners Insurance	12. References

More than ever, quality homeowners insurance is an absolute necessity.  Without it, an accident or natural disaster could mean financial ruin to you or your family. 

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