Homeowners and tenants insurance. Fire insurance. This type of insurance is not mandatory. But, most likely, the client will use them, assuming that he wants to get a refund in the event of loss of such valuable assets. We can distinguish the following main cases where you can get compensation under the insurance of the home and property: - damage caused by natural disasters such as fire, storm, hail, and others; - theft; - damage caused to other people's property caused by negligence of the physical damage. You can buy a separate insurance for each of these cases, but it is hardly worth doing, it is better to take a comprehensive insurance, which covers all of the above cases. There are different types of complex insurance, differ in the way of insurance and methods of assessing the damage. Each U.S. state has its own laws defining the main points of insurance real estate, but there are some general principles which we shall discuss in some detail. Let's start with the "minimum assortment" of those cases that must be included in any contract of comprehensive insurance of movable and immovable property, irrespective of its particular type. In full accordance with the three above-mentioned moments, to be paid cash compensation for the immovable and movable property (even located at the time of the insured event), provided that it suffered during the fire, storms, hail and other natural disasters, except as outlined below as well as an explosion, riot, vandalism, damaged car, plane or stolen. In addition, payment of the cost associated with payment of compensation to third parties for damage to their health or property damage (for example, if the fire spread to a house nearby). The insurance company must pay for legal services, medical bills and additional expenses associated with a residence time outside the residence. If the client is concerned that lists are not all the possible trouble, and he wants to expand the list of cases covered by insurance, it will not meet with any objection, subject to additional charges. For example, can offer insurance against accidents of water supply or heating, electrical injury, a fall in house items, capable of producing a fracture (eg, fragments of the plane, even a spaceship), as well as damages under the action of gravity of the accumulated snow or ice. If this is not enough - you can invite yourself. But at the same time, there are several cases where the insurance contract will not be able to help. Almost no insurance company will not offer compensation for damage caused by earthquake, flood, interruption of power, war or nuclear catastrophe. If the lost personal property used in business transactions, then this damage is also usually not covered by insurance. Contract of insurance house or apartment, you should pay attention to the following points: . how much it will cost insurance. . how much it would cost the restoration of homes destroyed in the disaster; . if you want to pay more for insurance and receive full compensation, or prefer to save on payments, but have only a partial compensation of losses; . what types of disasters are most likely in your area; The amount by which you can insure your real estate property can be any part of its real value. The amount of compensation in this case can be determined on the basis of two different indicators: cost recovery (relacement cost) or the real value of damaged property (actual cash value). The difference between them, the easiest way to understand a concrete example. Suppose, as a result of flooding in your home and sank significantly undercut the foundation, and for its repair you have to pay 3000 dollars. If compensation is calculated as the first method (replacemenr cost) payout as a fold to $ 3000, covering the full cost of repairs. But when the second case in the calculation can be adopted depreciation of the damaged part of your property. If your house is designed for 30 years, of which 15 have already passed, its real value will be twice less, ie cost of the foundation (and, correspondingly, the amount of compensation) will be defined in 1500 dollars. That is the real price of movable property determines the cost of compensation at the conclusion of a treaty on his insurance. Typically, insurance companies detected and the maximum amount of compensation payable for loss of certain types of personal property. For example, in New York in case of theft of the insured jewelry and watches will not pay more than $ 500. Now we are talking about complex insurance contracts of movable and immovable property. Nobody prevents to conclude a separate insurance contract in that case, if you have any expensive jewelry. Take into account the following practical recommendations: . in case of damage to the insured home or property is not in a hurry to make repairs before your insurance company will make the appropriate inspection and assess the damage; . in case of damage or theft of your property immediately notify the insurance company; . always have a house list of items with their prices and the date of purchase, so you can accurately determine the amount of damage. Keep in mind that if the insurance company is not sure that your payments do not cover the level of possible risk, it usually can be within a certain period of time after signing the agreement to terminate it. In various states in the U.S., these terms are different, in New York, for example, such a period of 60 days. After that time, the insurance company will be much harder to terminate the contract with you. This is possible only if: . Your property has undergone a physical change as a result of which it has become uninsurable (uninsurable); . you committed an intentional or reckless actions that increase the risk of loss of the insured property; . you do not make payments under the contract; . apparent deliberate overstatement or reckless actions that increase the risk of loss of the insured property; . You have been convicted for acts aimed at the risk of loss of insured property. In conclusion, we note that the companies offering the lowest prices at the conclusion of an insurance contract, can not always offer you good quality and range of services and do not differ a good reputation. Do not forget about it, do not pursue for cheapness.