When you have finished this chapter, you should be able to
The home is one of the most important, and probably the most expensive, investments that the average consumer will ever make. Understandably, protection against damage to the dwelling is a central part of every family's insurance program. Insurance protection on the individual's personal property is an important aspect of a personal insurance program. Finally, and equally important, is the liability coverage needed to protect against the financial consequences of legal liability. In this chapter, we will study the homeowners policy, which is a package policy approach to insuring these exposures.
The homeowners policy ...