Homeowners Insurance - 6 Reasons to Buy:

Since such construction is now quite common, therefore homeowners can gain a lot by ensuring that their home is earthquake proof. It is also possible to minimize damage as a result of floods by selecting an appropriate location for a home and using suitable construction techniques. With these factors in mind, the HO-3 adequately covers the insurance requirements of nearly all homeowners. The HO-2 and HO-1 are cheaper policies, with the HO-1 being the cheapest with only the minimal coverage (Texas Department of Insurance, 2004). Homeowners insurance is essential once the ideal home in which an individual will like to live or which they will like to own for other reasons has been found.

No financing company can extend a mortgage to the purchaser unless the homeowner's insurance has been acquired. This is because the lending institution will want their investment to be safeguarded and a homeowner's insurance cover does just precisely that. Because the home which is being purchased with the use of mortgage funds is going to be a joint property belonging to the mortgage firm and the homeowner until the loan has been paid off, it is in the interest of both the homeowner and the financier institution to ensure that both are being protected.

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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