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Homeowners face multiple risks to their property at any given time. Some are inevitable, like the general wear and tear that comes with the passing of time; others — like damage from weather events or theft — can unexpectedly strike without warning.

To cover all the risks that can affect an insured's home or their belongings, many opt for homeowners' multiple peril policies for broader coverage. According to the National Association of Insurance Commissioners, in terms of direct premiums written and earned, many insurers are leading the charge in this line of coverage.

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