Homeowners Insurance - 6 Reasons to Buy:

There are various types of homeowner's policies which permit coverage for different requirements and to suite different needs. Based on what is covered, the United States homeowner's policies may be classified as HO-1, HO-2 or HO-3 type policies. Other property covers that are more appropriate for individuals who are renting and condominium owners are the HO-4 for those renting and HO-6 for those who are owners of condominiums. The HO-3 type insurance policy was developed in response to a need for an insurance policy was designed to be a standard that covers property damage to the home as well as personal injury and damage to the property of others.

Only damage as a result of floods and earthquakes is not covered by the HO-3 policies, because these are rather common occurrences in the United States of America. A lot of Americans live in earthquake prone areas and hence the risks associated with earthquake damage are rather high, unless the construction of the property renders it resistant to damage as a result of earthquakes.

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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