These residents saw the value in spending just fifteen dollars a month to be
protected against catastrophic losses such as this, and their lives are impacted far less.
Insurance may help
protect against some catastrophic loss, but if the real estate market tanks you could easily lose 20 % -40 % or much more (especially since real estate is typically a leveraged investment).
Not exact matches
Insurance is there to
protect me
against catastrophic financial
loss (huge medical bills, owing a mortgage on a house that burned down, etc.) not a way to game the system and pay for routine expenses or repairs.
Homeowners insurance is an insurance policy
against your home which
protects against minor, major, and
catastrophic loss.
Depending on the estimated risk of a particular
catastrophic loss occurring where you live as a renter, you can decide if it is necessary to supplement your policy with endorsements
protecting your property
against such perils.
Employers that self - fund employee healthcare plans will use stop -
loss insurance to
protect against catastrophic claims.