Car insurance and home insurance are two important insurance systems, which are very important for everyone. In most of the countries, car insurance is a must. When you want to drive your car in any of the cities of the United States, you must have insurance for your car. The same policy is followed in many countries. Car insurance is very important to protect yourself, your family members and the persons involved in accidents with your car. The car insurance policies should be renewed before its expiry date. Since the government has made it compulsory, all the car owners are having car insurance policies for their cars. The same system is not followed with the home insurance. Homebuyers are not very much interested in the home insurance. Over sixty percent of the homeowners have not insured their homes. They are not aware of the importance of the home insurance.

 

 

Car insurance and advantages:

At present, thousands of vehicles are sold daily in the United States and all of them are in the highways and the traffic is rapidly increasing. It is possible to upgrade and extend the roads to certain extent only and because of this, all the roads are fully crowded with cars. It is very difficult to drive the cars, unless the drivers are very experienced. Different types of car insurances are available in the United States and it is better to have the best car insurance policy, which gives complete protection for the driver and the occupants of the car. Many car owners buy cheap car insurance policies, which is third party insurance. When they involve in accident, there will be a problem for them, when they have third party car insurance. Self protection is very important and all the car insurance companies offer this type of complete insurance policy for the car owners. The treatment procedures are very expensive in the United States and it is difficult for many people to bear it. When they have proper car insurance, all the medical expenses will be governed by the insurance companies along with monthly wages during the stay at the hospital and they do not have to worry about the money. In addition, the insurance companies undertake the responsibility of the damages caused by the accident. In normal situations, the car insurance companies provide security against car theft and provide insurance for the belongings of the occupants of the cars. It is always better to be on the safer side with the highest profitable car insurance policies.

 

Home insurance and advantages:

Most of the homeowners are not deeply involved in the home insurance policies. There are only a few rich people in the world and they never care about their properties. If fact, many of the royal people even do not know about their properties and where they are located. It is not the case in the middle class and lower middle class people. They have to work very hard to earn money. When a middle class salaried person, purchases a home, he has to face many financial difficulties and hurdles in purchasing a home. The only consolation for him is that he has to pay money every month for his home and not as monthly rent. Most of the real estate loan providers sanction home loans to their customers only after proper home insurance for the properties. Homebuyers have to bear the charges of the home insurance while they buy homes with the financial help of the real estate loan providers. So to say, the homeowners are forced to insure their homes, when they avail finance from the real estate finance providers. Generally, homeowners are not interested in home insurance, since they do not want to spend money just for nothing. Another reason is that the home insurance products are very expensive. When the home is insured, generally the insurance companies provide protection against fire and theft and normal floods. When the homeowners are having very expensive jewelries and other valuable articles, it is better to insure the home with the belongings. In modern days, all the homes are well furnished with very expensive equipments. If suddenly anything happens to the materials because of a sudden fire or by any other unexpected reasons, it will not be possible to replace them without proper home insurance.

 

Present trend of nature and the importance of home insurance:

In recent times, the nature is highly unpredictable and many unforeseen things are happening with nature. That too, after the tsunami, the nature has changed completely and no one can predict what will happen tomorrow. Of course, the United States of America witnessed a series of storms and floods recently. There are many home insurance companies in the United States and Europe, which provide protection against tsunami and earthquakes. Homeowners should purchase a special home insurance policy to have protection from these natural tragedies. Normal home insurance policies don?t cover these natural problems. Since earthquakes and tsunamis are rare happenings, it is better to have at least normal home insurance policy for all the homes.

 

Home insurance companies and their services:

In the United States of America and Europe, there are many leading home insurance companies and they have been in the insurance field for a very long time. All the home insurance companies are providing online services to their customers, which is very convenient and comfortable for the homeowners. Homeowners should think that the insurance is a part of maintaining the home and it is very essential to protect their properties.

 

Necessary steps for the development of home insurance:

At present, the home insurance products are very expensive and not affordable by many of the homeowners. All the insurance companies should come forward to reduce the price of home insurance so that many people can buy the home insurance product. In addition, as per records, only a few insurance companies keep up their promises. To attract the buyers, they commit huge amount and special offerings. When the paying situation arrives, they do not provide relief according to their financial promises. Insurance department of the United States has received many complaints with many insurance companies of the United States. It is the same with car insurance policies also. All the insurance policy holders have to consult an attorney to claim their insurance amount. Since all the insurance companies have their own legal section, very easily they can defend the cases and win them, which is unfair on part of them. The insurance policy holders are forced to appoint an attorney to win their cases to claim the insurance amount.

 

Conclusion:

It is always advisable to have car insurance policy as well as home insurance policy to avoid unexpected expenses and to have complete protection for themselves and their properties.