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Describe at least two types of loss that can occur that a standard homeowners insurance policy does not cover.

Finance Basics

Personal Finance class – must be 250 words must cite work.

Karen, a first time home buyer, just bought a previously owned townhouse. Discuss two factors that Karen should consider as she purchases a homeowner’s insurance policy. Provide two examples of types of homeowners insurance available to Karen to support your rationale.

• Describe at least two types of loss that can occur that a standard homeowners insurance policy does not cover. Recommend specific add-ons to the standard insurance policy that you believe would cover the types of losses that you have described.

 

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