Global Insurance Education

Although it is true that Hurricane Gustav represents less of an economic disaster than was expected, analysts are still estimating insured damages of at least $2 billion and possibly as high as $10 billion. But Gustav is only one of many storms that could cause great damage to the U.S. this year.

Robert Hartwig, who is the president of the Insurance Information Institute says that even though it appears that Gustav is not as bad as was expected, it's still going to be an expensive event, and this is only one of several possible major hurricane events.

There's no such thing as a standard home insurance policy. Each insurer offers varying levels of cover and different exclusions. However, they make it a little easier to compare by dividing home insurance into two sections, buildings and contents, which you can buy separately or together.

Buildings insurance

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Information concerning Baltimore home insurance