Home insurance pays for the building, the contents, somewhere to live, and the lawsuit. Most people only budget for the first two.

No standard home policy in the US, the UK or Canada covers flood without a specific add-on.

Jewellery, bikes and laptops are usually capped per item, so the total sum insured tells you nothing about whether they are covered.

Insurers decline gradual damage on principle: a burst pipe is a claim, a pipe that has been weeping for two years is maintenance.

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