IdeaWazaWiki - User contributions [en]

Northeast Asia

2009-05-05T00:28:30Z

146.115.120.184:

'''Northeast Asia''', sometimes Northeastern Asia, is a [[subregion]] of [[Asia]] that can be defined any of four ways:

1. The region bounded roughly by the Great Wall in the South, Lake Baikal in the West, the tundra in the North, and the Pacific Ocean in the East. This conception of the region draws attention to cultural and linguistic connections between the [[Mongols]], the [[Manchus]], the [[Koreans]] and other indigenous ethnic groups in the region, and to the contestation over the region between [[China]], [[Russia]] and [[Japan]] since the 17th century.

2. The far eastern peninsula of the Asian continent, now entirely within [[Russia]], especially in the context of its anthropological, biological and geological connections across the [[Bering Strait]] with [[Alaska]].

3. [[Japan]] and [[Korea]]. This usage was adopted by the United States [[State Department]] in 1945 and is used by the [[Association for Asian Studies]].

4. [[China]], [[Japan]] and [[Korea]]. This usage is synonymous with the most common meaning of the term [[East Asia]] but has been adopted in response to the extension of the meaning of East Asia in diplomatic circles to include [[Southeast Asia]] and sometimes even [[India]], e.g. the [[East Asian Summit]].

{{Asia-stub}}

[[ja:北東アジア]]
[[zh-yue:東北亞]]
[[zh:东北亚]]

Archive:Gulching

2007-12-23T15:48:30Z

146.115.31.114:

'''Gulching''' refers to the act of forming a localized, [[underground economy|underground economic]] and social community of freedom-minded individuals. The term comes from Galt's Gulch, the fictional village of economic outlaws in [[Ayn Rand]]'s novel, ''[[Atlas Shrugged]]''. Galt's Gulch was hidden in the [[Rocky Mountains]] and protected by a magic holographic shield. Modern gulching does typically occur in remote areas, but can also take place in suburban or urban areas, or even online. These underground communities are called ''gulches'', and the inhabitants and participants thereof are called ''gulchers''.

Gulchers trade and barter with each other outside of government regulation and tax systems. The intent is to create a greater degree of [[economic freedom|economic]] and personal freedom, while building a trust-based local trade network to provide goods and services that might become unavailable if the mainstream economy collapses. Self-sufficiency as a whole, in terms of food, energy, fiber, shelter, health care, and other production and services is considered valuable, even vital, to a free existence. Gulchers are also free to trade outside of the gulch, though a remote location might make this difficult.

A gulch differs from a [[commune]] in that it is uniquely freedom-focused, and so upholds [[individual rights|individual]] and [[property rights]] rather than operating by the rules of [[community property]]. Participants remain free to own [[property]], to earn and to keep their own wealth, and to live their days as they see fit, rather than by rules imposed by a nebulous 'community.' There may be some mutually accepted plan to share chores or self-defense duties, but in the main, gulchers tend to prefer minimal rules, believing that free individuals will always create better solutions to the questions facing them. Those who seek to participate in a Gulch generally adhere to the [[Zero Aggression Principle]] and have no wish to harm or attack others who choose to live differently. They do believe in [[self-defense]] if first aggressed upon by others.

Writer [[Taran Jordan]] describes a gulch as "a place where one stores needed supplies to last a certain length of time, until one has arranged to produce as many of those supplies as possible once that initial time runs out, [where] one has made contacts with other likeminded folks to band together in the interests of future production, trade, and the defense of the produce, its means of production, and its producers, [and where] one can enjoy the fruits of one’s labor, and life at the pace of nature, free from those who do not choose this way of life." [http://taranjordan.wordpress.com/2006/08/11/the-gulchers-thought-process]

''The Gulcher's Guide'', by [[Claire Wolfe]] and [[Mary Lou Seymour]], recommends that gulches be located at least 100 miles from any major city, in the event that a catastrophe causes refugees to spill out of the city in search of food, loot, and refuge[http://www.libertymls.com/gulch/location.html]. The choice of location involves tradeoffs that affect suitability for gulching. For instance, while the intermountain west is perceived as relatively friendly to the goals of gulchers, it also suffers from lack of water, harsh climates and poor agricultural conditions.

Since gulchers may need to sacrifice many conveniences associated with the above-ground economy, Wolfe considers the most crucial characteristic of a potential gulcher to be adaptability[http://www.libertymls.com/gulch/recruit.html]. Gulchers typically eschew banks, preferring to barter or use gold as a currency. Wolfe notes that gulchers may have to rely on anonymous advertisements to find customers and services, e.g.:
*"Chiropractor needed for individual in Coos County, New Hampshire."
*"Internist and full range of clinic services available to gold-paying customers in Pocatello, Idaho."
*"Homeopathic Practitioner willing to trade arsenic water for liberty dollars in Mt. Carmel, Texas"

A variation on gulching, but done as a single individual with the specific goal of "Refus[al] to engage in any implementation of your personal creative ability which benefits the State[...]Tak[ing] your brains off the statist marketplace[...]Act[ing] so that only those who add to your life, not those who devour it, comprise your creativity marketplace[...]Reserv[ing] your achievements for yourself and those who will join you in the endeavor to build a sane and sensible world" is what David King termed "Shrugging"[http://www.geocities.com/Athens/Olympus/7695/CHAPTR13.HTM]. This term also originated from Ayn Rand's novel cited above.

Exact statistics on gulching's prevalence are unavailable, and likely to remain so, as [[privacy]] is usually paramount to gulchers. However, it is unlikely that gulches exist on any large scale.

==See also==
*[[Agorism]]
*[[Back-to-the-land movement]]
*[[Economic secession]]
*[[BioShock#Setting|Rapture]]
*[[Survivalism]]
*[http://en.wikipedia.org/wiki/Mogadishu Mogadishu Case Study]
*[http://www.wikimapia.org/#lat=14.774883&lon=-55.898437&z=4&l=3&m=a&v=2 Atlantis]
*[[Mount Carmel Center]]

==References==
*Seymour, Mary Lou, and Wolfe, Claire: [http://www.libertymls.com/gulch/intro.html The Gulcher's Guide].

[[Category:Libertarianism]]

Archive:Gulching

2007-12-22T15:55:41Z

146.115.31.114:

'''Gulching''' refers to the act of forming a localized, [[underground economy|underground economic]] and social community of freedom-minded individuals. The term comes from Galt's Gulch, the fictional village of economic outlaws in [[Ayn Rand]]'s novel, ''[[Atlas Shrugged]]''. Galt's Gulch was hidden in the [[Rocky Mountains]] and protected by a holographic shield. Modern gulching does typically occur in remote areas, but can also take place in suburban or urban areas, or even online. These underground communities are called ''gulches'', and the inhabitants and participants thereof are called ''gulchers''.

Gulchers trade and barter with each other outside of government regulation and tax systems. The intent is to create a greater degree of [[economic freedom|economic]] and personal freedom, while building a trust-based local trade network to provide goods and services that might become unavailable if the mainstream economy collapses. Self-sufficiency as a whole, in terms of food, energy, fiber, shelter, health care, and other production and services is considered valuable, even vital, to a free existence. Gulchers are also free to trade outside of the gulch, though a remote location might make this difficult.

A gulch differs from a [[commune]] in that it is uniquely freedom-focused, and so upholds [[individual rights|individual]] and [[property rights]] rather than operating by the rules of [[community property]]. Participants remain free to own [[property]], to earn and to keep their own wealth, and to live their days as they see fit, rather than by rules imposed by a nebulous 'community.' There may be some mutually accepted plan to share chores or self-defense duties, but in the main, gulchers tend to prefer minimal rules, believing that free individuals will always create better solutions to the questions facing them. Those who seek to participate in a Gulch generally adhere to the [[Zero Aggression Principle]] and have no wish to harm or attack others who choose to live differently. They do believe in [[self-defense]] if first aggressed upon by others.

Writer [[Taran Jordan]] describes a gulch as "a place where one stores needed supplies to last a certain length of time, until one has arranged to produce as many of those supplies as possible once that initial time runs out, [where] one has made contacts with other likeminded folks to band together in the interests of future production, trade, and the defense of the produce, its means of production, and its producers, [and where] one can enjoy the fruits of one’s labor, and life at the pace of nature, free from those who do not choose this way of life." [http://taranjordan.wordpress.com/2006/08/11/the-gulchers-thought-process]

''The Gulcher's Guide'', by [[Claire Wolfe]] and [[Mary Lou Seymour]], recommends that gulches be located at least 100 miles from any major city, in the event that a catastrophe causes refugees to spill out of the city in search of food, loot, and refuge[http://www.libertymls.com/gulch/location.html]. The choice of location involves tradeoffs that affect suitability for gulching. For instance, while the intermountain west is perceived as relatively friendly to the goals of gulchers, it also suffers from lack of water, harsh climates and poor agricultural conditions.

Since gulchers may need to sacrifice many conveniences associated with the above-ground economy, Wolfe considers the most crucial characteristic of a potential gulcher to be adaptability[http://www.libertymls.com/gulch/recruit.html]. Gulchers typically eschew banks, preferring to barter or use gold as a currency. Wolfe notes that gulchers may have to rely on anonymous advertisements to find customers and services, e.g.:
*"Chiropractor needed for individual in Coos County, New Hampshire."
*"Internist and full range of clinic services available to gold-paying customers in Pocatello, Idaho."
*"Homeopathic Practitioner willing to trade arsenic water for liberty dollars in Mt. Carmel, Texas"

A variation on gulching, but done as a single individual with the specific goal of "Refus[al] to engage in any implementation of your personal creative ability which benefits the State[...]Tak[ing] your brains off the statist marketplace[...]Act[ing] so that only those who add to your life, not those who devour it, comprise your creativity marketplace[...]Reserv[ing] your achievements for yourself and those who will join you in the endeavor to build a sane and sensible world" is what David King termed "Shrugging"[http://www.geocities.com/Athens/Olympus/7695/CHAPTR13.HTM]. This term also originated from Ayn Rand's novel cited above.

Exact statistics on gulching's prevalence are unavailable, and likely to remain so, as [[privacy]] is usually paramount to gulchers. However, it is unlikely that gulches exist on any large scale.

==See also==
*[[Agorism]]
*[[Back-to-the-land movement]]
*[[Economic secession]]
*[[BioShock#Setting|Rapture]]
*[[Survivalism]]
*[http://en.wikipedia.org/wiki/Mogadishu Mogadishu Case Study]
*[http://www.wikimapia.org/#lat=14.774883&lon=-55.898437&z=4&l=3&m=a&v=2 Atlantis]

==References==
*Seymour, Mary Lou, and Wolfe, Claire: [http://www.libertymls.com/gulch/intro.html The Gulcher's Guide].

[[Category:Libertarianism]]

Archive:Gulching

2007-12-22T15:53:33Z

146.115.31.114:

'''Gulching''' refers to the act of forming a localized, [[underground economy|underground economic]] and social community of freedom-minded individuals. The term comes from Galt's Gulch, the fictional village of economic outlaws in [[Ayn Rand]]'s novel, ''[[Atlas Shrugged]]''. Galt's Gulch was hidden in the [[Rocky Mountains]] and protected by a holographic shield. Modern gulching does typically occur in remote areas, but can also take place in suburban or urban areas, or even online. These underground communities are called ''gulches'', and the inhabitants and participants thereof are called ''gulchers''.

Gulchers trade and barter with each other outside of government regulation and tax systems. The intent is to create a greater degree of [[economic freedom|economic]] and personal freedom, while building a trust-based local trade network to provide goods and services that might become unavailable if the mainstream economy collapses. Self-sufficiency as a whole, in terms of food, energy, fiber, shelter, health care, and other production and services is considered valuable, even vital, to a free existence. Gulchers are also free to trade outside of the gulch, though a remote location might make this difficult.

A gulch differs from a [[commune]] in that it is uniquely freedom-focused, and so upholds [[individual rights|individual]] and [[property rights]] rather than operating by the rules of [[community property]]. Participants remain free to own [[property]], to earn and to keep their own wealth, and to live their days as they see fit, rather than by rules imposed by a nebulous 'community.' There may be some mutually accepted plan to share chores or self-defense duties, but in the main, gulchers tend to prefer minimal rules, believing that free individuals will always create better solutions to the questions facing them. Those who seek to participate in a Gulch generally adhere to the [[Zero Aggression Principle]] and have no wish to harm or attack others who choose to live differently. They do believe in [[self-defense]] if first aggressed upon by others.

Writer [[Taran Jordan]] describes a gulch as "a place where one stores needed supplies to last a certain length of time, until one has arranged to produce as many of those supplies as possible once that initial time runs out, [where] one has made contacts with other likeminded folks to band together in the interests of future production, trade, and the defense of the produce, its means of production, and its producers, [and where] one can enjoy the fruits of one’s labor, and life at the pace of nature, free from those who do not choose this way of life." [http://taranjordan.wordpress.com/2006/08/11/the-gulchers-thought-process]

''The Gulcher's Guide'', by [[Claire Wolfe]] and [[Mary Lou Seymour]], recommends that gulches be located at least 100 miles from any major city, in the event that a catastrophe causes refugees to spill out of the city in search of food, loot, and refuge[http://www.libertymls.com/gulch/location.html]. The choice of location involves tradeoffs that affect suitability for gulching. For instance, while the intermountain west is perceived as relatively friendly to the goals of gulchers, it also suffers from lack of water, harsh climates and poor agricultural conditions.

Since gulchers may need to sacrifice many conveniences associated with the above-ground economy, Wolfe considers the most crucial characteristic of a potential gulcher to be adaptability[http://www.libertymls.com/gulch/recruit.html]. Gulchers typically eschew banks, preferring to barter or use gold as a currency. Wolfe notes that gulchers may have to rely on anonymous advertisements to find customers and services, e.g.:
*"Chiropractor needed for individual in Coos County, New Hampshire."
*"Internist and full range of clinic services available to gold-paying customers in Pocatello, Idaho."

A variation on gulching, but done as a single individual with the specific goal of "Refus[al] to engage in any implementation of your personal creative ability which benefits the State[...]Tak[ing] your brains off the statist marketplace[...]Act[ing] so that only those who add to your life, not those who devour it, comprise your creativity marketplace[...]Reserv[ing] your achievements for yourself and those who will join you in the endeavor to build a sane and sensible world" is what David King termed "Shrugging"[http://www.geocities.com/Athens/Olympus/7695/CHAPTR13.HTM]. This term also originated from Ayn Rand's novel cited above.

Exact statistics on gulching's prevalence are unavailable, and likely to remain so, as [[privacy]] is usually paramount to gulchers. However, it is unlikely that gulches exist on any large scale.

==See also==
*[[Agorism]]
*[[Back-to-the-land movement]]
*[[Economic secession]]
*[[BioShock#Setting|Rapture]]
*[[Survivalism]]
*[http://en.wikipedia.org/wiki/Mogadishu Mogadishu Case Study]
*[http://www.wikimapia.org/#lat=14.774883&lon=-55.898437&z=4&l=3&m=a&v=2 Atlantis]

==References==
*Seymour, Mary Lou, and Wolfe, Claire: [http://www.libertymls.com/gulch/intro.html The Gulcher's Guide].

[[Category:Libertarianism]]

Archive:Gulching

2007-12-22T15:53:11Z

146.115.31.114: Expanding article

'''Gulching''' refers to the act of forming a localized, [[underground economy|underground economic]] and social community of freedom-minded individuals. The term comes from Galt's Gulch, the fictional village of economic outlaws in [[Ayn Rand]]'s novel, ''[[Atlas Shrugged]]''. Galt's Gulch was hidden in the [[Rocky Mountains]] and protected by a holographic shield. Modern gulching does typically occur in remote areas, but can also take place in suburban or urban areas, or even online. These underground communities are called ''gulches'', and the inhabitants and participants thereof are called ''gulchers''.

Gulchers trade and barter with each other outside of government regulation and tax systems. The intent is to create a greater degree of [[economic freedom|economic]] and personal freedom, while building a trust-based local trade network to provide goods and services that might become unavailable if the mainstream economy collapses. Self-sufficiency as a whole, in terms of food, energy, fiber, shelter, health care, and other production and services is considered valuable, even vital, to a free existence. Gulchers are also free to trade outside of the gulch, though a remote location might make this difficult.

A gulch differs from a [[commune]] in that it is uniquely freedom-focused, and so upholds [[individual rights|individual]] and [[property rights]] rather than operating by the rules of [[community property]]. Participants remain free to own [[property]], to earn and to keep their own wealth, and to live their days as they see fit, rather than by rules imposed by a nebulous 'community.' There may be some mutually accepted plan to share chores or self-defense duties, but in the main, gulchers tend to prefer minimal rules, believing that free individuals will always create better solutions to the questions facing them. Those who seek to participate in a Gulch generally adhere to the [[Zero Aggression Principle]] and have no wish to harm or attack others who choose to live differently. They do believe in [[self-defense]] if first aggressed upon by others.

Writer [[Taran Jordan]] describes a gulch as "a place where one stores needed supplies to last a certain length of time, until one has arranged to produce as many of those supplies as possible once that initial time runs out, [where] one has made contacts with other likeminded folks to band together in the interests of future production, trade, and the defense of the produce, its means of production, and its producers, [and where] one can enjoy the fruits of one’s labor, and life at the pace of nature, free from those who do not choose this way of life." [http://taranjordan.wordpress.com/2006/08/11/the-gulchers-thought-process]

''The Gulcher's Guide'', by [[Claire Wolfe]] and [[Mary Lou Seymour]], recommends that gulches be located at least 100 miles from any major city, in the event that a catastrophe causes refugees to spill out of the city in search of food, loot, and refuge[http://www.libertymls.com/gulch/location.html]. The choice of location involves tradeoffs that affect suitability for gulching. For instance, while the intermountain west is perceived as relatively friendly to the goals of gulchers, it also suffers from lack of water, harsh climates and poor agricultural conditions.

Since gulchers may need to sacrifice many conveniences associated with the above-ground economy, Wolfe considers the most crucial characteristic of a potential gulcher to be adaptability[http://www.libertymls.com/gulch/recruit.html]. Gulchers typically eschew banks, preferring to barter or use gold as a currency. Wolfe notes that gulchers may have to rely on anonymous advertisements to find customers and services, e.g.:
*"Chiropractor needed for individual in Coos County, New Hampshire."
*"Internist and full range of clinic services available to gold-paying customers in Pocatello, Idaho."

A variation on gulching, but done as a single individual with the specific goal of "Refus[al] to engage in any implementation of your personal creative ability which benefits the State[...]Tak[ing] your brains off the statist marketplace[...]Act[ing] so that only those who add to your life, not those who devour it, comprise your creativity marketplace[...]Reserv[ing] your achievements for yourself and those who will join you in the endeavor to build a sane and sensible world" is what David King termed "Shrugging"[http://www.geocities.com/Athens/Olympus/7695/CHAPTR13.HTM]. This term also originated from Ayn Rand's novel cited above.

Exact statistics on gulching's prevalence are unavailable, and likely to remain so, as [[privacy]] is usually paramount to gulchers. However, it is unlikely that gulches exist on any large scale.

==See also==
*[[Agorism]]
*[[Back-to-the-land movement]]
*[[Economic secession]]
*[[BioShock#Setting|Rapture]]
*[[Survivalism]]
*[http://en.wikipedia.org/wiki/Mogadishu Mogadishu Cast Study]
*[http://www.wikimapia.org/#lat=14.774883&lon=-55.898437&z=4&l=3&m=a&v=2 Atlantis]

==References==
*Seymour, Mary Lou, and Wolfe, Claire: [http://www.libertymls.com/gulch/intro.html The Gulcher's Guide].

[[Category:Libertarianism]]

Archive:Home insurance

2005-06-09T20:15:27Z

146.115.120.151: /* Types of Homeowners Insurance */

'''Home insurance''', or '''homeowners insurance''', is an [[insurance]] policy that combines insurance on the home, its contents, and, often, the other personal possessions of the homeowner, as well as [[liability]] insurance for accidents that may happen at the home.

The cost of homeowners insurance scales upward depending on what it would cost to replace the house, and which additional "riders", meaning additional items to be insured, are attached to the policy. The insurance policy itself is a lengthy contract, and names what will and what will not be paid in the case of various events. Typically, claims are ''not'' paid due to [[earthquakes]], [[floods]], "Acts of God", or [[war]] (whose definition typically includes a nuclear explosion from any source). Special insurance can be purchased for these possibilities.

Most insurers charge less if it appears less likely the home will be damaged or destroyed: for example, if the house is situated next to a [[fire engine|fire station]], or if the house is equipped with fire sprinklers and fire alarms.

In the [[United States]], most home buyers borrow money in the form of a [[mortgage]], and the mortgage lender always requires that the buyer purchase homeowners insurance as a condition of the loan, in order to protect the bank if the home were to be destroyed. In most mortgage agreements, the lender "impounds" the homeowners insurance payments, meaning that although the insurance payments are due every six months, the homeowner must send the lender one-sixth of the money every month along with his mortgage payment. Then every six months, the lender pays the premium to the insurance company. This "impounding" is a scheme to ensure that the homeowner never misses a premium payment, and therefore will be sure to have insurance for the length of the mortgage.

== Types of Homeowners Insurance ==

There are six kinds of homeowners [[insurance]] in general and consistent use. Of these HO-3 is the most common policy followed by HO-4 and HO-6. Others that are less used, though still significant, are HO-1, HO-2 and HO-5. Each is summarized below:

'''HO-1'''

A limited policy that offers varying degrees of coverage but only for items specifically outlined in the policy. These might be used to cover a valuable object found in the home, such as a painting.

'''HO-2'''

Similar to HO-1, HO-2 is a limited policy in that it covers specific portions of a house against damage. As above, these factors must be spelled out in the policy.

'''HO-3'''

This policy is the most common written for a homeowner and is designed to cover all aspects of the home, structure and it contents as well as any liability that may arise from daily use as well as any visitors who may encounter accident or injury on the premises. Covered aspects as well as limits of liability must be clearly spelled out in the policy to insure proper coverage. This policy is always required by a [[mortgage]] lender.

'''HO-4'''

This is commonly referrened to as renters insurance. Similar to HO-6, this policy covers those aspects of the apartment and it's contents not specifically covered in the blanket policy written for the complex. This policy can also cover liabilities arising from accidents and injuries for guests as well as passers-by up to 150' of the domicile.

If your child left a toy out by the pool that someone else slipped or tripped on, you would be covered. Very low in cost and high in coverage, this is a '''highly''' recommend policy for anyone renting an apartment.

'''HO-5'''

This policy, similar to HO-3, covers a home (not a condo or apartment), the homeowner and it's possessions as well as any liability that might arise from visitors or passers-by. This coverage is differentiated in that it covers a wider breadth and depth of incidents and losses than an HO-3.

'''HO-6'''

As a form of supplemental homeowner's [[insurance]], '''HO-6''', also known as a Condominium Coverage, is designed especially for the owners of condos. It includes coverage for the part of the building owned by the insured and for the property housed therein of the insured.

Designed to span the gap between what the homeowner's association might cover in a blanket policy written for an entire neighborhood and those items of importance to the insured, typically the HO-6 covers liability for residents and guests of the insured in addition to personal property. The liability coverage, depending on the underwriter, premium paid, and other factors of the policy, can cover incidents up to 150' from the insured property, all valuables within the home from theft, fire or water damage or other forms of loss.

As in HO-4 above, if you left something out by the pool that someone else slipped or tripped on, you would be covered. Very low in cost and high in coverage, this is a '''highly''' recommend policy for anyone owning a condo.

[[Category:Insurance]]

Archive:Home insurance

2005-06-09T20:15:16Z

146.115.120.151: /* Types of Homeowners Insurance */

'''Home insurance''', or '''homeowners insurance''', is an [[insurance]] policy that combines insurance on the home, its contents, and, often, the other personal possessions of the homeowner, as well as [[liability]] insurance for accidents that may happen at the home.

The cost of homeowners insurance scales upward depending on what it would cost to replace the house, and which additional "riders", meaning additional items to be insured, are attached to the policy. The insurance policy itself is a lengthy contract, and names what will and what will not be paid in the case of various events. Typically, claims are ''not'' paid due to [[earthquakes]], [[floods]], "Acts of God", or [[war]] (whose definition typically includes a nuclear explosion from any source). Special insurance can be purchased for these possibilities.

Most insurers charge less if it appears less likely the home will be damaged or destroyed: for example, if the house is situated next to a [[fire engine|fire station]], or if the house is equipped with fire sprinklers and fire alarms.

In the [[United States]], most home buyers borrow money in the form of a [[mortgage]], and the mortgage lender always requires that the buyer purchase homeowners insurance as a condition of the loan, in order to protect the bank if the home were to be destroyed. In most mortgage agreements, the lender "impounds" the homeowners insurance payments, meaning that although the insurance payments are due every six months, the homeowner must send the lender one-sixth of the money every month along with his mortgage payment. Then every six months, the lender pays the premium to the insurance company. This "impounding" is a scheme to ensure that the homeowner never misses a premium payment, and therefore will be sure to have insurance for the length of the mortgage.

== Types of Homeowners Insurance ==

There are six kinds of homeowners [[insurance]] in general and consistent use. Of these HO-3 is the most common policy followed by HO-4 and HO-6. Others that are less used, though still significant, are HO-1, HO-2 and HO-5. Each are summarized below:

'''HO-1'''

A limited policy that offers varying degrees of coverage but only for items specifically outlined in the policy. These might be used to cover a valuable object found in the home, such as a painting.

'''HO-2'''

Similar to HO-1, HO-2 is a limited policy in that it covers specific portions of a house against damage. As above, these factors must be spelled out in the policy.

'''HO-3'''

This policy is the most common written for a homeowner and is designed to cover all aspects of the home, structure and it contents as well as any liability that may arise from daily use as well as any visitors who may encounter accident or injury on the premises. Covered aspects as well as limits of liability must be clearly spelled out in the policy to insure proper coverage. This policy is always required by a [[mortgage]] lender.

'''HO-4'''

This is commonly referrened to as renters insurance. Similar to HO-6, this policy covers those aspects of the apartment and it's contents not specifically covered in the blanket policy written for the complex. This policy can also cover liabilities arising from accidents and injuries for guests as well as passers-by up to 150' of the domicile.

If your child left a toy out by the pool that someone else slipped or tripped on, you would be covered. Very low in cost and high in coverage, this is a '''highly''' recommend policy for anyone renting an apartment.

'''HO-5'''

This policy, similar to HO-3, covers a home (not a condo or apartment), the homeowner and it's possessions as well as any liability that might arise from visitors or passers-by. This coverage is differentiated in that it covers a wider breadth and depth of incidents and losses than an HO-3.

'''HO-6'''

As a form of supplemental homeowner's [[insurance]], '''HO-6''', also known as a Condominium Coverage, is designed especially for the owners of condos. It includes coverage for the part of the building owned by the insured and for the property housed therein of the insured.

Designed to span the gap between what the homeowner's association might cover in a blanket policy written for an entire neighborhood and those items of importance to the insured, typically the HO-6 covers liability for residents and guests of the insured in addition to personal property. The liability coverage, depending on the underwriter, premium paid, and other factors of the policy, can cover incidents up to 150' from the insured property, all valuables within the home from theft, fire or water damage or other forms of loss.

As in HO-4 above, if you left something out by the pool that someone else slipped or tripped on, you would be covered. Very low in cost and high in coverage, this is a '''highly''' recommend policy for anyone owning a condo.

[[Category:Insurance]]

Archive:Home insurance

2005-06-09T20:14:42Z

146.115.120.151: /* Types of Homeowners Insurance */

'''Home insurance''', or '''homeowners insurance''', is an [[insurance]] policy that combines insurance on the home, its contents, and, often, the other personal possessions of the homeowner, as well as [[liability]] insurance for accidents that may happen at the home.

The cost of homeowners insurance scales upward depending on what it would cost to replace the house, and which additional "riders", meaning additional items to be insured, are attached to the policy. The insurance policy itself is a lengthy contract, and names what will and what will not be paid in the case of various events. Typically, claims are ''not'' paid due to [[earthquakes]], [[floods]], "Acts of God", or [[war]] (whose definition typically includes a nuclear explosion from any source). Special insurance can be purchased for these possibilities.

Most insurers charge less if it appears less likely the home will be damaged or destroyed: for example, if the house is situated next to a [[fire engine|fire station]], or if the house is equipped with fire sprinklers and fire alarms.

In the [[United States]], most home buyers borrow money in the form of a [[mortgage]], and the mortgage lender always requires that the buyer purchase homeowners insurance as a condition of the loan, in order to protect the bank if the home were to be destroyed. In most mortgage agreements, the lender "impounds" the homeowners insurance payments, meaning that although the insurance payments are due every six months, the homeowner must send the lender one-sixth of the money every month along with his mortgage payment. Then every six months, the lender pays the premium to the insurance company. This "impounding" is a scheme to ensure that the homeowner never misses a premium payment, and therefore will be sure to have insurance for the length of the mortgage.

== Types of Homeowners Insurance ==

There are six kinds of homeowners [[insurance]] in general and consistent use. Of these HO-3 is the most common policy followed by HO-4 and HO-6. Others that are less used, though still significant, are HO-1, HO-2 and HO-5. These comprise the following:

'''HO-1'''

A limited policy that offers varying degrees of coverage but only for items specifically outlined in the policy. These might be used to cover a valuable object found in the home, such as a painting.

'''HO-2'''

Similar to HO-1, HO-2 is a limited policy in that it covers specific portions of a house against damage. As above, these factors must be spelled out in the policy.

'''HO-3'''

This policy is the most common written for a homeowner and is designed to cover all aspects of the home, structure and it contents as well as any liability that may arise from daily use as well as any visitors who may encounter accident or injury on the premises. Covered aspects as well as limits of liability must be clearly spelled out in the policy to insure proper coverage. This policy is always required by a [[mortgage]] lender.

'''HO-4'''

This is commonly referrened to as renters insurance. Similar to HO-6, this policy covers those aspects of the apartment and it's contents not specifically covered in the blanket policy written for the complex. This policy can also cover liabilities arising from accidents and injuries for guests as well as passers-by up to 150' of the domicile.

If your child left a toy out by the pool that someone else slipped or tripped on, you would be covered. Very low in cost and high in coverage, this is a '''highly''' recommend policy for anyone renting an apartment.

'''HO-5'''

This policy, similar to HO-3, covers a home (not a condo or apartment), the homeowner and it's possessions as well as any liability that might arise from visitors or passers-by. This coverage is differentiated in that it covers a wider breadth and depth of incidents and losses than an HO-3.

'''HO-6'''

As a form of supplemental homeowner's [[insurance]], '''HO-6''', also known as a Condominium Coverage, is designed especially for the owners of condos. It includes coverage for the part of the building owned by the insured and for the property housed therein of the insured.

Designed to span the gap between what the homeowner's association might cover in a blanket policy written for an entire neighborhood and those items of importance to the insured, typically the HO-6 covers liability for residents and guests of the insured in addition to personal property. The liability coverage, depending on the underwriter, premium paid, and other factors of the policy, can cover incidents up to 150' from the insured property, all valuables within the home from theft, fire or water damage or other forms of loss.

As in HO-4 above, if you left something out by the pool that someone else slipped or tripped on, you would be covered. Very low in cost and high in coverage, this is a '''highly''' recommend policy for anyone owning a condo.

[[Category:Insurance]]