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Home Insurance 101
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As the saying goes, “Be it ever so humble, there’s no place like home.” It is true that our homes are havens where we can be ourselves. They provide shelter from literal storms as well as figurative ones. Our homes provide comfort from a long day in the office and they are also a testament to our hard work and are, for the majority of us, the largest investments of our lives.

It goes without saying that our homes are important and valuable to us both emotionally and financially. Therefore, it is important that home coverage is understood, and policy owners know what their policies cover and what they do not.

What is Home Insurance?

Home is a purchased service that protects your home from unforeseen catastrophes. These catastrophes could be fire, accidents on your property, theft and other possible acts of nature.

By paying a premium for home insurance, to a reputable company, your home and its contents are protected from loss by this insurance. In the event that damage or theft occurs, your company will pay for those damages up to a certain amount. That certain amount is determined by the terms of your policy. The worth of your policy is a decision made by you, the policyholder, based on the estimated value of your home and its contents.

What Home Insurance Covers?

There are many factors incorporated into your home policy. One of these factors is what your policy covers. The basic home policy covers the main dwelling and, generally, attached structures to the main dwelling, such as a garage that adjoins the home. However, it is important

Free Ethics Education from the Industry Leader -- The Institutes Announce New Ethical Guidelines Learning Module
To support and encourage the study and practice of business ethics, The Institutes (http://www.aicpcu.org/?utm_source=prweb&utm_medium=text_link&utm_content=031010&utm_campaign=PRWeb) have developed the free “Ethical Guidelines for Insurance Professionals” learning module. Designed specifically for insurance practitioners, this online learning module outlines an ethical framework. Illustrated with insurance-based case studies, it is a practical and engaging tool for studying ethics, no matter what your job function, level, or years of experience. This unique learning module can be completed in just a matter of hours. (PRWeb Mar 10, 2010)

Read the full story at http://www.prweb.com/releases/Institutes/Ethical_Guidelines/prweb3702484.htm

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Long Island Pediatric Group Announces Policy Changes That Will Help More New Yorkers
Allied Pediatrics of New York, PLLC (APNY), a group of 18 established and highly regarded pediatrics practices in Queens, Nassau and Suffolk counties in New York, announced today exciting policy changes that will allow the reach of their care to extend to thousands more New York children than in the past. (PRWeb Mar 10, 2010)

Read the full story at http://www.prweb.com/releases/2010/03/prweb3704324.htm

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Lien Negotiation Counsel Unveils Service to Help Personal Injury Attorneys Achieve Lower Healthcare Lien Reimbursement for Their Clients
Legal team leverages nearly two decades of healthcare subrogation experience to address increasing demands by Health Plans (PRWeb Mar 10, 2010)

Read the full story at http://www.prweb.com/releases/2010/03/prweb3707434.htm

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International Insurance Association Names New Officers
The Captive Insurance Companies Association (CICA) announced new officers today. An impressive slate of elected leaders will help direct the activities of the the only domicile-neutral captive insurance association, an organization that provides the foremost education, networking and leadership for captive and risk retention group professionals. (PRWeb Mar 10, 2010)

Read the full story at http://www.prweb.com/releases/2010/03/prweb3690204.htm

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Growing number of motorists swap penalty points to keep licence clean
660,000 motorists admit to penalty points swapping. Over half of these have swapped points in a bid to keep their licence clean. One in eight motorists who have points have taken them for another driver. (PRWeb Mar 10, 2010)

Read the full story at http://www.prweb.com/releases/News/Car-Insurance/prweb3699294.htm

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New Requirements and Tips for Driving to Mexico for Spring Break
Beginning March 1, 2010 U.S. citizens are required to present a valid U.S. passport in order to enter Mexico. International Insurance Group, Inc. (IIG) has created a list of the latest requirements and tips to help make any 2010 Mexico Spring Break vacation a breeze. (PRWeb Mar 10, 2010)

Read the full story at http://www.prweb.com/releases/2010/03/prweb3704564.htm

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Airlines Find New Reasons to Cancel More Flights in Stormy Weather Giving Travelers New Reasons for Travel Insurance
The snowstorms of February were reason enough to buy travel insurance (http://www.travelinsured.com) against flight delays. Airlines have added new reasons for insurance including higher rebooking fees, less flights, and mass cancellations to steer clear of new DOT rules. (PRWeb Mar 10, 2010)

Read the full story at http://www.prweb.com/releases/buytravelinsurance/travelinsurance/prweb3705624.htm

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Enhancing Financial Inclusiveness: CGAP, Deutsche Bank, Grameen-Jameel and Islamic Development Bank Partner to Launch ‘Islamic Microfinance Challenge 2010’
CGAP, Deutsche Bank, Grameen-Jameel and Islamic Development Bank have joined forces to challenge the Islamic microfinance industry to develop new ideas for business models. (PRWeb Mar 10, 2010)

Read the full story at http://www.prweb.com/releases/Islamic_Microfinance/Challenge_2010/prweb3709244.htm

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DMTI Spatial Inc. Announces Critigen’s Chief Executive Officer, Jeff Akers, as Keynote Speaker at Expedition 2010
Expedition 2010 Customer Conference, hosted by DMTI Spatial Inc. at the King Edward hotel in Toronto on April 22nd, to include Jeff Akers, Critigen’s Chief Executive Officer, as a Keynote speaker. Jeff will address the relevance of information management technology to Location Intelligence. (PRWeb Mar 10, 2010)

Read the full story at http://www.prweb.com/releases/2010/03/prweb3698934.htm

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Edulence Empowers GAMA as First Industry Association to Stream Live Conference Programming
Insurance Management Association Working Closely with Leading Multimedia CMS Provider to Deliver Premium Content and Live LAMP Conference Programs to Global Audience (PRWeb Mar 9, 2010)

Read the full story at http://www.prweb.com/releases/edulence_gama/lamp_live_2010/prweb3681284.htm

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Internet Security Problems Solved - A New Internet Security Group Defeats CyberCrime in West Virginia
Attacking Cyber Crime with proven NSA Information Assurance strategies, a new internet security group start up is enforcing cyber security in West Virginia. Personal Phishing attacks and Corporate Botnets do not stand a chance. (PRWeb Mar 9, 2010)

Read the full story at http://www.prweb.com/releases/west-virginia/internet-securty/prweb3362894.htm

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Healthcare Solutions Names Thomas Oram Chief Financial Officer
Healthcare Solutions today announced the appointment of Thomas E. Oram to the position of chief financial officer. (PRWeb Mar 9, 2010)

Read the full story at http://www.prweb.com/releases/Healthcare_Solutions/Thomas_Oram/prweb3687744.htm

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FM Global’s 175-Year Legacy of Common Purpose Highlighted in New Leadership Book
Commercial Property Insurer FM Global's Unique Business Model, Unconventional Approach and Shared Vision Described as Hallmarks of Success (PRWeb Mar 9, 2010)

Read the full story at http://www.prweb.com/releases/2010/03/prweb3700724.htm

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Intellimed and Analytix On Demand™ Partner To Deliver World Class Quality and Performance Management Solutions to the Healthcare Industry
Expanded Analytics Enable Healthcare Organizations to Accurately Report on Quality, Improve Efficiencies and Benchmark Performance (PRWeb Mar 9, 2010)

Read the full story at http://www.prweb.com/releases/2010/03/prweb3703084.htm

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Medibank Clinic to Provide Urgent Medical Treatment
Medibank Private Health Insurance launches new clinic to fill gap between family GP and hospital emergency rooms. (PRWeb Mar 9, 2010)

Read the full story at http://www.prweb.com/releases/health-insurance/medibank-private/prweb3684444.htm

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2010 Survey Results on Fronting and Reinsurance Released by CICA
Highlights from the 2010 industry study on the fronting/risk-sharing market were just announced. This survey provides valuable insight into the use of fronting including data on primary reasons for using a fronting carrier, importance of fronting to captives, which fronting companies are used, costs, collateral requirements, yield on invested assets, reinsurance and more. (PRWeb Mar 9, 2010)

Read the full story at http://www.prweb.com/releases/2010/03/prweb3689674.htm

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Medical Banking Rx Receives Disruptive Innovator Award
Medical Banking Rx, LLC, a full service pharmacy benefit management (PBM) firm, today announced that it has received the 2010 Healthcare Information and Management Systems Society (HIMSS) Medical Banking Project Disruptive Innovator Award. The Disruptive Innovator Award was in recognition of the development of Patient Driven Rx(SM), a truly unique prescription drug program that provides real-time solutions to the deficiencies inherent in the Consumer Driven Health (CDH) market. (PRWeb Mar 9, 2010)

Read the full story at http://www.prweb.com/releases/2010/03/prweb3700794.htm

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to note, that automobiles housed in the garages are not covered by home insurance.

Other provisions of your home policy would cover expenses due to being displaced. These expenses could include temporary lodging while your home is being repaired. Also, home will cover the contents of your home, which can include items such as televisions, furniture, stereos, etc. Any loss incurred would be replaced through a monetary payout by your company. Again, it is important that your policy reflects the appropriate value placed on your home and its contents.

Additionally, home policies provide protection in the event that an accident occurs on or off your property. This provision will protect your property from litigation as well as providing for any possible medical care payments.

What Home Insurance Doesn’t Cover?

It is also important to understand what property structures are not covered by home policies. These structures include storage sheds, fences, and barns and other structures that are not attached to your home.

In addition, there are certain events that are not covered by a standard policy. These damaging events include acts of war or terror, damage by pets, environmental incidences such as damage by pollution, pest damage, self-imposed damage and everyday deterioration.

Other destructive acts that are not normally included in home policies are earthquake and flooding coverage. Your policy may allow for a special provision to cover earthquakes and flood needs to be purchased from the federal National Flood Insurance Program.


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