Pros and Cons of Homeowner Insurance

[Suba1]

Discussing homeowner insurance, we cannot escape from the pros and cons, so before we sign or use the services of this type of homeowner insurance, we need to study the written agreement contained in the insurance policy.
Pros:
The house is protected from fire, flooding, natural disasters and other damage, maintaining the value of the house, minimizing the risk of loss due to damaged houses.
Cons:
Damage is only paid according to the amount insured.

Funds are forfeited if the homeowner insurance owner defaults on payments.

Limited warranty claims.