Insurance is a form of safety measure used as protection against the risk of a contingent, uncertain loss.
It can simply be defined as payment for the loss of something.
The most common kinds are life insurance, credit, flight, health and accident, automobile and home insurance.
When we say home insurance, most of us would think that when something happens to the house, whatever is inside is included in the insurance.
Well this is not true.
There is a separate insurance for the contents of the house called the Home Content Insurance.
Home Content Insurance is a policy intended for the contents of the house.
This kind of insurance is important for anyone who has a computer, furniture, carpet, oven, sofa or other valuables that are hard to replace in case of a major loss like fire, earthquake or hurricane.
When getting a policy, it is recommended that everything you want to have insured is documented and have an inventory or list and keep it in another place or have a file list with your agent.
Keeping it in another place will let you have access to the things insured in case of a loss.
Most of us think that home content insurance pertain only to building or home owners, but in fact, people who don't own their own homes like renters and condominium owners can have a customized contents insurance policy by talking to insurance representatives.
When renting a house or buying a condominium unit, we usually get a condo or renter's insurance policy, this is just another name for home contents insurance.
When getting a policy, make sure what it entails as some policies do not cover some disasters like floods or earthquakes and some also do not cover valuable items like computers and jewelry.
Read the policy carefully and talk to the insurance agent if there are any questions.