What is the purpose of property insurance?

Answer Property insurance has the purpose of protecting owners in the case of property losses and damages caused by risks such as fire, mold, storm surge, among others, according to Leonard E. Murphy, And... Read More »

Top Q&A For: What is the purpose of property insurance

What Is the Purpose of Property Taxes?

Property taxes provide a revenue stream for government operations. Although the details vary depending on where you live, property taxes generally fund both state and local government operations, a... Read More »

What is difference between home owners insurance and rental property insurance?

Other than home owners insurance covering your primary residence where you live and rental property insurance covering a home that you rent to others there are a few differences in types of coverag... Read More »

Should the landlord provide insurance for a renter if you are unable to get renters insurance due to a claim the landlord filed on the property?

I'm in Georgia. Can you prove they forced you to buy? They wouldn't give you the furniture if you didn't pay the extra? They are covering their assets. If you think you got ripped keep on trucking ... Read More »

What is the purpose of health insurance?

Answer To offset the costs of medical bills. The idea is that you are still responsible for the bills, but the LARGER costs are usually picked up by the insurance company. It's not a scheme so tha... Read More »