True, Suppose you carelessly, but unintentionally, knocked someone down a flight of stairs in your home. you would be covered by your homeowner's insurance.
An agreement to guarantee another party compensation in exchange for a fee constitutes insurance, a strategy for protecting against financial loss. A way to control your risk is through insurance. When you purchase insurance, you protect yourself against unforeseen financial losses. If something unfavorable occurs to you, the insurance company pays you or a person of your choice. A homeowner is a person who owns a home, including the apartment or house where they reside. This policy, which is the one that homeowners use the most frequently, is created to cover all aspects of the house, its structure, and its contents.
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