Definition: Great Home Insurance: An insurance policy that provides comprehensive coverage for your home in the event of loss or damage caused by natural disasters, accidents, theft, or other risks. It typically includes various types of coverages such as liability coverage, property damage coverage, personal accident protection, and earthquake coverage. Definition: -

Great Home Insurance (GHI)

: This type of insurance policy is designed to protect a home from unforeseen events such as natural disasters, fires, floods, theft, or other threats. The premium is based on the value of your home's construction, as well as any improvements made since the last policy was renewed. -

Coverage

- This refers to the range of damages covered by GHI policies. It usually includes all major structural damage, including walls, roofs, and floors. However, there may also be coverage for items such as plumbing fixtures and electrical systems that are not specifically listed in the policy. -

Protections for personal belongings

- These coverages provide financial assistance to you if your home is damaged or lost due to natural disasters, theft, or other events like fires and earthquakes. This typically includes items such as furniture, electronics, and jewelry. -

Personal Accident Protection (PAP)

: Similar to GHI coverage but with an added layer of protection for personal property. This type of policy protects against accidents that occur on the home itself due to natural disasters, fire, or other events.

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