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Home insurance, also commonly called hazard insurance or homeowner's insurance (often abbreviated in the US real estate industry as HOI), is a type of property insurance that covers a private residence. It is an insurance policy that combines various personal insurance protections, which can include losses occurring to one's home, its contents, loss of use (additional living expenses), or loss of other personal possessions of the homeowner, as well as liability insurance for accidents that may happen at the home or at the hands of the homeowner within the policy territory. Homeowner's policy is referred to as a multiple-line insurance policy, meaning that it includes both property insurance and liability coverage, with an indivisible premium, meaning that a single premium is paid for all risks. In the US standard forms divide coverage into several categories, and the coverage provided is typically a percentage of Coverage A, which is coverage for the main dwelling.〔Nance CP. (2003). ''Modern Real Estate Practice in Texas'' (p. 39 ).〕 The cost of homeowner's insurance often depends on what it would cost to replace the house and which additional endorsements or riders are attached to the policy. The insurance policy is a legal contract between the insurance carrier (insurance company) and the named insured(s). It is a contract of indemnity and will put the insured back to the state he/she was in prior to the loss. Typically, claims due to floods or war (whose definition typically includes a nuclear explosion from any source) are excluded from coverage, amongst other standard exclusions (like termites). Special insurance can be purchased for these possibilities, including flood insurance. Insurance is adjusted to reflect the cost of replacement, usually upon application of an inflation factor or a cost index. The home insurance policy is usually a term contract, i.e. a contract that is in effect for a fixed period of time. The payment the insured makes to the insurer is called the premium. The insured must pay the insurer the premium each term. Most insurers charge a lower premium if it appears less likely the home will be damaged or destroyed: for example, if the house is situated next to a fire station or is equipped with fire sprinklers and fire alarms; if the house exhibits wind mitigation measures, such as hurricane shutters; or if the house has a security system and has insurer-approved locks installed. Perpetual insurance, a type of home insurance without a fixed term, can also be obtained in certain areas. == In Canada == In Canada home buyers borrow money in the form of a mortgage loan however the mortgage lender must receive confirmation from the homeowner's insurance company the property has been insured to protect the financial company in the event that the home is damaged. The insurance policy may have replacement cost which provides additional protection to the homeowner. In the case of a condominium the building needs to have a separate insurance policy which is approved by the Board of Directors and covers a standard unit, the building and common areas of the condominium complex. A standard unit is identified in the condo corporation documents. It generally does not include betterments or upgrades and sometimes does not include flooring. The fee for this insurance is covered in the maintenance fees and operating budget. The condo owners needs to obtain their own separate insurance to cover personal content, liability and betterment insurance if they live in the unit. If the condo is rented, the tenant obtains personal content and liability insurance and the condo unit owner also obtains owner tenant insurance. COA Ontario is working with condo owners and insurance companies for better protection and awareness. 〔(【引用サイトリンク】title=Condo Owners' Lack of Insurance Knowledge Puts Them at Financial Risk )〕 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Home insurance」の詳細全文を読む スポンサード リンク
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