Home insuranceHome insurance, also commonly called homeowners insurance (often abbreviated in the US real estate industry as HOI), is a type of property insurance that covers a private residence.
InsuranceProtection from financial lossAn advertisement for a fire insurance company Norwich Union, showing the amount of assets in coverage and paid insurance (1910)Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect against the risk of a contingent or uncertain loss.
Flood insuranceFlood insurance is the specific insurance coverage issued against property loss from flooding. To determine risk factors for specific properties, insurers will often refer to topographical maps that denote lowlands, floodplains and other areas that are susceptible to flooding. In the United StatesNationwide, only 20 percent of American homes at risk for floods are covered by flood insurance.
Earthquake insuranceEarthquake insurance is a form of property insurance that pays the policyholder in the event of an earthquake that causes damage to the property. Most ordinary homeowners insurance policies do not cover earthquake damage. Most earthquake insurance policies feature a high deductible, which makes this type of insurance useful if the entire home is destroyed, but not useful if the home is merely damaged. Rates depend on location and the probability of an earthquake loss.
Boiler insuranceInsurance covering boilers Boiler insurance (Boiler cover) is a type of insurance that covers repairs and in some instances, the replacement of a home or company boiler. In the United Kingdom, it can also cover other parts of the central heating system as well as plumbing and electrics. Sometimes boiler insurance is bundled together with inspection services according to standards such as the ASME Boiler and Pressure Vessel Code in the United States.PropertyEntity owned by a person or a group of people Buildings of shops, hotels, and residences are prevalent forms of property. Property is a system of rights that gives people legal control of valuable things, and also refers to the valuable things themselves.
FloodA flood is an overflow of water (or rarely other fluids) that submerges land that is usually dry. In the sense of "flowing water", the word may also be applied to the inflow of the tide. Floods are of significant concern in agriculture, civil engineering and public health. Human changes to the environment often increase the intensity and frequency of flooding.
CyberattackIn computer science, a cyberattack (or cyber attack) is an attack targeted at computer systems. It occurs when there is an unauthorized action against computer infrastructure that compromises the confidentiality, integrity, or availability of its content.
EarthquakeSudden movement of the Earth's crustEarthquake epicenters occur mostly along tectonic plate boundaries, especially on the Pacific Ring of Fire.An earthquake, also called a quake, tremor, or temblor, is the shaking of the Earth's surface resulting from a sudden release of energy in the lithosphere that creates seismic waves.
TerrorismUse of violence to achieve political or ideological aimsThe Twin Towers of the World Trade Center burning during the September 11 attacks, the deadliest terrorist attack in history, planned by Osama bin Laden and carried out by al-Qaeda members in New York City on September 11, 2001
LightningWeather phenomenon involving electrostatic dischargeNot to be confused with lighting or thunder."Lightening" redirects here. For other uses, see wikt:lightening.Strokes of cloud-to-ground lightning strike the Mediterranean Sea off of Port-la-Nouvelle in southern France.Lightning is a natural phenomenon consisting of electrostatic discharges occurring through the atmosphere between two electrically charged regions.
Nuclear and radiation accidents and incidentsA nuclear and radiation accident is defined by the International Atomic Energy Agency (IAEA) as "an event that has led to significant consequences to people, the environment or the facility." Examples include lethal effects to individuals, large radioactivity release to the environment, or a reactor core melt.*As an Amazon Associate I earn from qualifying purchases.