| For most American families, their home is | | | | liable to pay, as acts of war are excluded in |
| their largest investment. And that investment | | | | most insurance policies. It is interesting to |
| needs to be protected with insurance. You do | | | | note that most insurance companies define a |
| not want to be lacking protection by | | | | nuclear explosion from any cause as an act of |
| purchasing inadequate coverage, nor do you | | | | war. So if the local nuclear power generating |
| want to waste money by purchasing excessive | | | | plant blows up for any reason, even if not |
| amounts of insurance. | | | | terrorist related according to the FBI, it |
| | | | will be considered an act of war by your |
| As the weather of the last two years has made | | | | insurance company and they will not be liable |
| painfully clear, disasters can occur. | | | | to pay for any damages to your property. |
| Hurricanes, earthquakes, floods, and fires | | | | |
| are all too prevalent in modern society. Not | | | | The property owner should also be aware that |
| only are natural disasters a significant | | | | typically floods and earthquakes are never |
| threat, man made accidents can occur as well. | | | | covered in the standard insurance policy. |
| Your home owner insurance policy should | | | | Insurance for these two disasters can be |
| protect you from financial ruin should one of | | | | purchase as a rider, but there will be an |
| these disasters strike. However, not all | | | | additional cost. In some cases, this added |
| policies are created equal. One type of | | | | cost is substantial. It is up to the buyer to |
| disaster that is covered by one policy may | | | | determine if the cost is worth the benefit. |
| not be covered by another. It is important to | | | | In most cases, it is. |
| know what is and is not included in your home | | | | |
| owner insurance coverage. | | | | Now more than ever, a quality home owner |
| | | | insurance policy is an absolute necessity. |
| Just about every home insurance policy | | | | The financial risk of going without insurance |
| excludes several items. These are floods, | | | | protection is simply too much to bear. Should |
| earthquakes, and war. Let's assume an | | | | a disaster strike, either natural or |
| invading army decides to drive a tank through | | | | man-made, having it could mean the difference |
| your living room. While the U.S. Military | | | | between financial ruin or surviving it |
| will likely be involved in putting a stop to | | | | unscathed. If you have a home, you simply |
| it, from a replacement point of view, you are | | | | need home owner insurance. |
| on your own. Your insurance company is not | | | | |