Comparison of Homeowners Insurance between the United States and China

Abstract

Construction is a category of property that is extremely vulnerable to the affect of use of time and natural disasters. In recent years, China has occurred in various types of natural disasters, causing great damage on the buildings in affected areas. And the aggravation of China’s housing aging has also brought a series of security risks, reflecting the importance of perfecting the housing insurance system. At the same time, developed countries have already gained some experience in housing insurance. Based on this, doing some analysis of the two-property insurance system in various aspects is of some reference significance.