Habitation
Updated: 29 February 2024
What Does Habitation Mean?
Habitation is the right of dwelling or residing in a property.
Insuranceopedia Explains Habitation
Depending on the contract, the dweller or resident might not use it for a purpose other than habitation, such as using the property for commerce.
Insurers sell products to to cover financial risks related to habitation. Policies can cover perils like theft or natural disasters. The owners of inhabited commercial properties like condominiums or hotels can also buy property insurance to cover themselves for various risks.
Related Definitions
Related Terms
Related Articles
Insurance Self-Service Portal: The Future of Customer Experience
Blockchain’s Impact on Transforming the Insurance Landscape
What Every College Student Should Know About Renters Insurance
Guidance for Nurses: Five Essential HIPAA Compliance Tips
Insuring Your Financial Future: the Crucial Role of Accounting in Insurance
The Future of Insurtech: How Technology is Transforming the Insurance Industry
Related Reading
Revealing the Most And Least Popular U.S. Insurance Companies
What Students Need to Know About Insurance Coverage During Internships
A Roadmap for Students Interested in the Insurance Industry
Strong Identity Verification in the Insurance Sector
How to Avoid Online Insurance Scams
How to Get Into the Insurance Industry With a Finance Degree