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Fire insurance is a basic necessity for all home owners.
In some areas, similar insurance can be purchased against such catastrophes as floods and earthquakes. It might be worth saving the high theft insurance premiums year after year and absorbing the cost of a possible theft. Liability insurance protects you if you are sued by someone who is injured in your home. It is a wise purchase in a society that allows astronomical damage awards for liability and negligence. Chapter Home Life in the USA Home Page .