What is Homeowner Insurance It is a system under which the insurance company and insurance holder are agreed upon. Insurance companies promise to render services in the event that may be accidental occurrences. As a result, this led to loss during a given period of time. In other words, it is a method of coping with risk. Its basic functionality is to provide substitute certainty for uncertainty as regards the economic cost of loss. Homeowner Insurance. Kinds of Insurance: Insurance Companies in Pakistan are of two types: Property Insurance: There are two main types of...