August 02, 2010

Everybody Must Have a Basic Home Insurance

Despite the fact that I am the first to say that we are too insured, there is a form of insurance that should not be overlooked: Home Insurance.

Basic Home Insurance is Affordable

Indeed, even if you are a tenant, nobody can afford to be without a basic home insurance. Do a little shopping, depending on the size of your home and where you live, you should be able to find an adequate coverage for 20 to 30 dollars a month. Home insurance is usually not that expensive.

Prevent a Tragedy

Without home insurance, the consequences of a disaster such as a fire are tragic. In addition to living the experience of a disaster, a lot of people end up in the streets while having lost all their belongings.

Looking at local news, it’s always sad to see a family that lost everything in a fire. We cannot replace lost memories, but should at least be able to cover basic necessities.

Civil Liability Insurance

Even if you feel you’ll be able to get throw this kind of disaster financially, you should not forget that homeowners’ insurance also provides civil liability insurance. That’s coverage against damage that you may cause others. For example, if you inadvertently set the block on fire. Although this kind of situation is quite uncommon, the consequences are catastrophic. This could simply get you directly to bankruptcy.

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