Hello friends welcome to the forums.
Home insurance, also commonly called hazard insurance or homeowners insurance (often abbreviated

in the real estate industry as HOI), is the type of property insurance that covers private

homes. It is an insurance policy that combines various personal insurance protections, which can

include losses occurring to one's home, its contents, loss of its use (additional living

expenses), or loss of other personal possessions of the homeowner, as well as liability

insurance for accidents that may happen at the home or at the hands of the homeowner within the

policy territory. It requires that at least one of the named insureds occupies the home. The

dwelling policy (DP) is similar, but used for residences which don't qualify for various

reasons, such as vacancy/non-occupancy, seasonal/secondary residence, or age.

Thanks

HI
* Home insurance, also commonly called hazard insurance or homeowners insurance (often abbreviated in the real estate industry as HOI), is the type of property insurance that covers private homes.

Thanks

Home insurance provides protection against risks to property, such as fire, and weather damage. A home insurance, also popularly identified as a mortgage, is an easier financial option to own a house. So home insurance provide the protection of your property.

Hello

Home insurance (or home owner's insurance) is a type of property insurance. One's residence or home, including all its contents, is within the category of home insurance. The cost an insurer pays for a homeowners insurance policy is determined by taking into account the replacement cost of the home along with all of the home's contents.A home insurance policy generally remains active over a specific time period, during which the insured has to pay premiums, i.e. money paid towards insurance costs every term, to the insurer.
However, home insurance that is not contracted over a fixed time period may also be obtained by the insured and is called perpetual insurance.The amount to be paid towards premium depends largely on the vulnerability of the home that is insured. The more susceptible the home, the larger are its premiums. In other words, a home in an area with many or frequent natural disasters may be very costly to insure. For example, insuring a house on a beach cliff that is quickly eroding may be a very expensive proposition. In an extreme case, insurance companies may not insure it at all.

Have a good day !