Career Employment Strategies

Friday, December 29, 2006

Mortgage protection insurance - The 7 Home Insurance Plans

Most people don’t realize that there are 7 different homeowners insurance plans that insurance companies can offer. Each plan is different from the other 6 based on the circumstances that it covers. Additionally if consumers are familiar with any of the plans it would be plans that involve parts of option 2 and option 3. You’ll see why as I explain each plan in more detail below.

There are many different types of disasters that can affect your home but your standard homeowners insurance policy limits its coverage to 11 specific disaster events. They are damage from aircraft, wind and hail damage, damage suffered from explosions, riots and civil unrest, fire and lightning damage, vehicular damage, vandalism and theft damage, smoke damage and damage if your home decides to fall in on itself otherwise known as self-damaging instances. The final category is damage sustained when a volcano erupts.


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