Let us start by saying that home insurance is a type of insurance that covers losses or damages in case a destructive know more info from faydety

Home Insurance Policies: What Do They Actually Cover? | Faydety

Let us start by saying that home insurance is a type of insurance that covers losses or damages in case a destructive event takes place. The insurance covers interior and exterior damage, as well as any damage caused to the furnishing and other assets in the home.&nbsp;Find out more on home insurance policies here: <a href="https://www.faydety.com/learn/قاموس-الفلوس-3/يعني-إيه-تأمين-على-البيت-وايه-هي-أهميته--134">What is home insurance and how important is it?</a>&nbsp;<h2>Top 7 cases NOT covered by home insurance policies:</h2>&nbsp;<h3>The insurance policy does not cover cases directly or indirectly related to any of the following,</h3>&nbsp;<ol><li>Any assets/belongings that are not owned by the home owner and which they are not legally liable for.</li><li>Damage caused by a family member or by those employed by the family.</li><li>Damage caused by renters to the home or assets within the home if the insurance company has not been informed prior to renting the property.</li><li>Damage caused to the home’s interior or exterior if the property is left unattended for more than 30 days without informing the insurance company first.</li><li>Damage caused by terrorist acts.</li><li>Damage caused by war.</li><li>Nuclear radiation.</li></ol>&nbsp;The insurance company may approve the coverage of one or more of the above exceptions per the client’s request for an additional fee.&nbsp;Coverage and exceptions vary from one insurance company to another and from one insurance product to another. Your insurance advisor can tailor a policy to fit your insurance needs.&nbsp;Insurance policies do not cover damage caused by family members or those employed by the family.&nbsp;<h2>What does a home insurance policy cover?</h2>&nbsp;<ol><li>Fire, lightning, and explosions.</li><li>Storms, wind damage, floods, and earthquakes.</li><li>Damage caused by a non-family member or by a third party not employed by the property owner.</li><li>Damage caused by fresh water pipes bursting.</li><li>Personal accident to the insured, their spouse, or both.</li><li>Reimbursement of another property’s rent in case the home needs to be repaired.</li><li>Civil liability towards others (covers damage caused by the insurance policy owner to a third party’s property).</li><li>Civil liability by the owner (repairing damage caused to the owner’s property)</li></ol>&nbsp;Get the best <a href="https://www.faydetyinsurance.com/en/home-insurance">home insurance policy</a> with <a href="https://www.faydety.com/en">Faydety</a> in minutes now!

You need to know that insurance coverage and exceptions differ from one insurance company to another

Home Insurance Policies: What Do They Actually Cover?

Insurance is a contract, in the form of a policy, in which an individual or entity receives financial protection and/or compensation against losses from an insurance company. Insuring something means diverting the burden of payment for its loss from a personal responsibility to one that the insurance company bears on your behalf, in a certain percentage, depending on the type of insurance you have.&nbsp;&nbsp;The insurance company relies on calculating the probability of a loss or damage to an insured asset. If there is a high probability, then the insurance cost tends to be expensive; on the other hand, if the probability is low, the insurance cost tends to be relatively cheaper.&nbsp;Let's start with the basics.&nbsp;<h2>Insurance Policy:</h2>&nbsp;As stated briefly above, an insurance policy is a contract between you and an insurance company. This policy outlines your agreement's details and determines the claims that the insurer is legally required to pay in exchange for a premium. It essentially states that the insurer must pay for any loss or damage caused by risks covered under the policy.&nbsp;<h2>Insurance Premium:</h2>&nbsp;An insurance premium is a certain amount of money that you need to pay periodically in exchange for the maintenance of your chosen insurance policy. If you are unable to pay the premium, the insurance policy will be forfeited. If this happens and you decide you would like to keep your coverage, you may be required to pay a fine or charge a higher premium accordingly.&nbsp;<blockquote>The insurance company relies on calculating the probability of a loss or damage to an insured asset</blockquote>&nbsp;<h2>Types of Insurance:</h2>&nbsp;There are many different types of insurance. Though it is possible to divide them into two basic categories, under which the other types of insurance fall, the two categories are:&nbsp;<h2>Life Insurance / Health Insurance</h2>&nbsp;Life insurance is a contract between you and an insurance company where, in exchange for premium payments paid by you during your lifetime, the company will pay a sum of money to your beneficiaries after your death.&nbsp;&nbsp;Health insurance covers medical expenses that may arise due to illness. These expenses could entail costs of hospitalization, cost of medicines, or medical consultation fees.&nbsp;These insurance types are primarily based on individuals, although some countries go one step further and provide pet insurance. This is because, at times, the cost of medicines and veterinarian visits are higher than the costs of individuals.&nbsp;<h2>Property Insurance / Disaster Insurance</h2>&nbsp;This type of insurance reimburses an individual or business and protects a physical property against loss from theft, fire, natural disasters, etc. Property insurance covers the building or structure itself as well as its contents, whether personal or corporate, including furnishings, inventory, and other items.&nbsp;Get your <a href="https://www.faydetyinsurance.com/en">Insurance Policy</a> Now through Faydety!

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Home Insurance Policies: What Do They Actually Cover?

You need to know that insurance coverage and exceptions differ from one insurance company to another

Top 7 cases NOT covered by home insurance policies:

The insurance policy does not cover cases directly or indirectly related to any of the following,

What does a home insurance policy cover?

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