Different Types of Home Insurance
There are different levels of protection provided by home insurance which protects property owners or renters in cased of theft or other man-made events. There are some specialized types of home insurance but the following are the most common you can avail of:
1.Homeowners – important aspect is coverage for both structure and contents. Oftentimes there is shared insurance policy for condominium owners in the same building.
2.Tenants – the structure is not part usually of the responsibility of the tenant, so most of the time, contents only policy will do.
3.Landlords – often building and contents coverage is needed but sometimes it also extends to coverage for legal fees, emergency assistance and rent guarantees.
4.Holiday Homes – mostly for property and structures outside their country of residence.