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Lemhi Pass small group business health insuranceProtecting Hearth and Home There is probably no country on earth that places greater importance on the right to own property than the United States. For most of us, this national yearning to own property translates into the “American dream” of owning our own Lemhi Pass small group business health insurance homes. Since World War II, there has been a veritable explosion in the number of people who own and live in their own residential property. In recent years, despite inflated prices and high interest rates, many of us have still been fortunate enough to fulfill this desire. But with the fulfillment comes risk—the potential of losing our home due to physical destruction of the property or due to its being taken from us by law to pay our debts. Homeowne4r’s insurance is designed to mitigate the consequences of such Lemhi Pass small group business health insurance potential losses. Types of Policies More than any other line of coverage, homeowner’s insurance is substantially standardized throughout the United States. There ar4e four basic types of policies sold to homeowner’s. These are labeled “HO” for “homeowner’s,” with a number that designates different policy packages: HO 1 provides basic coverage; HO 2 provides broad coverage; HO 8 protects older homes; and HO 3 provides special coverage. Of the group, HO 3 offers the widest protection and will be the subject of most of our discussion. A homeowner’s policy is divided into two basic parts: property protection and coverage for liability. We’ll take up the Lemhi Pass small group business health insurance property issues first. There was a time when a person whose house was damaged or destroyed was rescued from is plight by neighbors who rolled up their sleeves and pinched in to rebuild what was lost. No more. Now Lemhi Pass small group business health insurance insurance has to do the job. A key question, then, is determining how much coverage you should take out. The best way to do that is to work with your agent. Consumers Union also suggest that you contact your local builders association to determine how much it costs to build a home per square foot in your locality. After that, multiply that figure by the square footage of your Lemhi Pass small group business health insurance home. The answer us the approximate cost to rebuild your home should it be destroyed. If you insure above that price, you are probably paying more in premiums than you need to.
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