The good news is that there are many different types of insurance to choose from, and they all have their own benefits and drawbacks. So it's important to do your research and find the right policy for your needs. Here are three types of house insurance you may want to consider: home and contents, general liability, and property damage.
-Home and Contents Insurance: This type of insurance covers the value of your belongings inside your home, including furniture, electronics, and paintings. It usually has a deductible (the amount you have to pay before the insurance company starts paying out), so it's good for items that are relatively expensive. Plus, it can help protect you if someone else gets hurt while breaking into your home or if there's a fire.
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-General Liability Insurance: This protects you financially if someone sues you or your business because of an accident they had on the premises or while working at your place of work. If you're sued, the insurance company will pay all or part of the cost. If a person is injured on your property, you must also carry Workers Compensation insurance to cover their medical bills and lost income.
-Property Damage Insurance: This type of coverage can help protect you if someone damages anything outside (but not inside) your home. For example, a tree branch falling outside may be covered under this policy — it won't replace any damaged or destroyed furniture and cabinets.
