Homeowner Insurance
A standard homeowners policy protects against fire, lightning, wind, storms, hail, explosions, riots, aircraft wrecks, vehicle crashes, smoke, vandalism, theft, breaking glass, falling objects, weight of snow or sleet, collapsing buildings, freezing of plumbing fixtures, electrical damage and water damage from plumbing, heating or air conditioning systems, according to the Insurance Information Institute, a Washington, D.C. -based nonprofit group for the insurance industry.

Insurance experts recommend that homeowners obtain insurance equal to the full replacement value of the home. On a 2,000-square-foot home, for example, if the replacement cost is $80 per square foot, the house should be insured for at least $160,000.

For personal items, homeowners can increase their coverage beyond the depreciated value of items such as televisions or furniture by purchasing a "replacement-cost endorsement" on personal property.


Title Insurance
Title Insurance eliminates risks and prevents losses caused by defects in title arising out of events that have happened in the past. Anytime a document is recorded, or simply executed, title to the described property could be encumbered and a potential title defect created. Because of the effective risk identification and elimination services of title insurers, the parties to real estate transactions have the best possible chance for avoiding title claim and loss.