%3Ch1%3EHome%20Insurance%3C%2Fh1%3E%0D%0A%09%09%09%09%09%3Cp%3EHome%20insurance%2C%20or%20homeowners%20insurance%2C%20is%20an%20insurance%20policy%20that%20combines%20various%20personal%20insurance%20protections%20which%20can%20include%20losses%20occurring%20to%20one%27s%20home%2C%20its%20contents%2C%20loss%20of%20its%20use%20%28additional%20living%20expenses%29%2C%20loss%20of%20other%20personal%20possessions%20of%20the%20homeowner%2C%20as%20well%20as%20liability%20insurance%20for%20accidents%20that%20may%20happen%20at%20the%20home.%3C%2Fp%3E%0D%0A%09%09%09%09%09%3Cp%3EThe%20cost%20of%20homeowners%20insurance%20often%20depends%20on%20what%20it%20would%20cost%20to%20replace%20the%20house%20and%20which%20additional%20riders%97additional%20items%20to%20be%20insured%97are%20attached%20to%20the%20policy.%20The%20insurance%20policy%20itself%20is%20a%20lengthy%20contract%2C%20and%20names%20what%20will%20and%20what%20will%20not%20be%20paid%20in%20the%20case%20of%20various%20events.%20Typically%2C%20claims%20due%20to%20earthquakes%2C%20floods%2C%20Acts%20of%20God%2C%20or%20war%20%28whose%20definition%20typically%20includes%20a%20nuclear%20explosion%20from%20any%20source%29%20are%20excluded.%20Special%20insurance%20can%20be%20purchased%20for%20these%20possibilities%2C%20including%20flood%20insurance%20and%20earthquake%20insurance.%3C%2Fp%3E%0D%0A%09%09%09%09%09%3Cp%3EThe%20home%20insurance%20policy%20is%20usually%20a%20term%20contract%97a%20contract%20that%20is%20in%20effect%20for%20a%20fixed%20period%20of%20time.%20The%20payment%20the%20insured%20makes%20to%20the%20insurer%20is%20called%20the%20premium.%20The%20insured%20must%20pay%20the%20insurer%20the%20premium%20each%20term.%20Most%20insurers%20charge%20a%20lower%20premium%20if%20it%20appears%20less%20likely%20the%20home%20will%20be%20damaged%20or%20destroyed%3A%20for%20example%2C%20if%20the%20house%20is%20situated%20next%20to%20a%20fire%20station%2C%20or%20if%20the%20house%20is%20equipped%20with%20fire%20sprinklers%20and%20fire%20alarms.%20Perpetual%20insurance%2C%20which%20is%20a%20type%20of%20home%20insurance%20without%20a%20fixed%20term%2C%20can%20also%20be%20obtained%20in%20certain%20areas.%3C%2Fp%3E%0D%0A%09%09%09%09%09