Regular homeowners insurance provides coverage for the cost of additional living expenses if a home is damaged by an insured disaster, such as wind damage or a tree that fell through the roof.

WSJ: Filing a Claim? Here's What to Do

Economists at Citigroup reckon that a fund ought to start with a baseline of 2% of insured deposits, and then top up that amount with an additional premium to reflect the risk that peripheral countries may leave the euro and that their currencies would then depreciate.

ECONOMIST: Preventing a big European bank run