- published: 06 Mar 2016
- views: 6128520
Home insurance, also commonly called hazard insurance or homeowner's insurance (often abbreviated in the US real estate industry as HOI), is a type of property insurance that covers a private residence. It is an insurance policy that combines various personal insurance protections, which can include losses occurring to one's home, its contents, loss of use (additional living expenses), or loss of other personal possessions of the homeowner, as well as liability insurance for accidents that may happen at the home or at the hands of the homeowner within the policy territory.
Homeowner's policy is a multiple-line insurance policy, meaning that it includes both property insurance and liability coverage, with an indivisible premium, meaning that a single premium is paid for all risks. In the U.S. standard forms divide coverage into several categories, and the coverage provided is typically a percentage of Coverage A, which is coverage for the main dwelling.
The cost of homeowner's insurance often depends on what it would cost to replace the house and which additional endorsements or riders are attached to the policy. The insurance policy is a legal contract between the insurance carrier (insurance company) and the named insured(s). It is a contract of indemnity and will put the insured back to the state he/she was in prior to the loss. Typically, claims due to floods or war (whose definition typically includes a nuclear explosion from any source) are excluded from coverage, amongst other standard exclusions (like termites). Special insurance can be purchased for these possibilities, including flood insurance. Insurance is adjusted to reflect the cost of replacement, usually upon application of an inflation factor or a cost index.
Mothers giving birth to a little son
Crying in the rain of falling bombs
Father he is young but deep and wise
You see the fighter inside his eyes
Hold me, cover my sight
This is no paradise
Don't show me
The evil sides of the world
How many hours and how many days
Love is just slipping away?
How many seasons and how many years in tears?
How many centuries and how many lives in fear?
People selling flowers like nothing's going on
Turning their backs on a world gone wrong
Children play around I guess they found some wheels
You see them running down the naked fields
Hold me, cover my sight
This is no paradise
Don't show me
The evil sides of the world
How many hours and how many days
Love is just slipping away?
How many seasons and how many years in tears?
How many centuries and how many lives in fear?
How many hours and how many days
Love is just slipping away?
How many seasons and how many years in tears?
How many centuries and how many lives in fear?