The only place we can really be comfortable, safe and at peace is at home. Indeed, it is one of the most important assets one person can have. But how can you ensure that you and your humble abode are protected from any mishaps? Have you heard of the inside joke insurance people have? They say love makes a house a home, but according to the people of the insurance industry, what really makes a house a home is home insurance. Well actually if you think about it, they are right. The love of your life can betray you, dump you or divorce with you, but an insured house will always be your sanctuary.

Home insurance is also known as hazard insurance or homeowners insurance (HOI). It is a policy that combines different personal insurance protections including damages to one’s home, its contents or loss of its use, and also liability insurance for unforeseen accidents. For every policy, there are normally six types of coverage. For instance, if you reside in Santa Cruz CA, you should know about the six different classifications of coverage your home insurance company can offer:

Dwelling – this policy secures you against the damage and loss of your house as the result of calamities like hurricanes, hail, lightening or fire. Take note that you need additional policies for protection against flood or an earthquake.

Other Structures – this specifically protects other structures around the property which are not used for business like detached garages and other detached buildings on your property.

Personal Property – this protects your personal property against damage and robbery. It includes your furniture, clothes, equipment, etc.

Loss of Use – this coverage usually covers hotel and restaurant bills and other expenses that can occur while you are temporary not living in your house due to unforeseen accidents.

Additional Coverages – includes such expenses as reasonable repairs, damage to trees and bushes for certain named dangers, removal of property, credit card / identity card theft, landlord’s furnishing, and several types of building additions.

Exclusions – this section will cover specific exclusions like neglect, war, nuclear attack, intentional loss or natural disasters as earthquakes, floods.

Remember, home is your largest asset. You should not hesitate to protect it with the help of a home insurance policy.