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Definition - 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.

How Well Do You Know Your Life Insurance?

The more you know about life insurance, the better prepared you are to find the best coverage for you.

Whether you're just starting to look into life insurance coverage or you've carried a policy for years, there's always something to learn.

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