What is Homeowner's Insurance *
home typically is the single biggest investment you'll ever make. Homeowner's
insurance has a terrific name because it focuses on you -- the homeowner -- not
just the structure in which you live. Aside from protecting your home and your
possessions, it provides you with liability coverage. As a general rule, buy
homeowner's insurance that covers as broad a range of catastrophes as possible
and most types of losses.
What is Condo Insurance? *
Condominiums and co-operatives offer a lifestyle choice that's attractive to
tens of millions of Americans. But condos also have special issues, because
there are some shared responsibilities with other individuals and/or companies.
Condominium homeowner's insurance is specifically tailored to those issues.
What is Renter's Insurance? *
Don't think you get to avoid insurance if you rent your house, apartment or loft
rather than owning it. Renter's insurance protects the valuables you own inside
your dwelling -- everything from your clothes to your stereo to your furniture.
It's a relatively small expense for high peace of mind.
What is UMBRELLA Insurance? *
Provides coverage above the underlying policies limits. For example; your auto
insurance limits are $100,000 and the umbrella policy is $1 million. After the
losses exceed $100,000 the umbrella policy will pay for the losses up to a total
of $1 million.
What is FLOOD Insurance? *
Coverage made available to residents of a community on a subsidized and
non-subsidized premium rate basis once the governing body of the community
qualifies that community for coverage under the National Flood Insurance Act.
Residents include business and non-business operations with coverage written on
structures and their contents. Coverage is purchased through licensed agents.
Prior to passage of the Housing and Urban Development Act of 1968, of which the
National Flood Insurance Act is a part, it was virtually impossible to obtain
flood insurance coverage on an industrial building, residential building,
retailing building, or a single-family dwelling.