Homeowners insurance covers losses and damage to an owner's residence, furnishings, and other possessions, as well as providing liability protection..
Standard homeowners insurance policies usually cover damage due to fire, both house fires and wildfires, as well as smoke damage. Your policy should pay to replace or repair the house's physical structure, permanent fixtures, appliances and attached structures, as well as your personal belongings. ...
In general, standardhomeowners insurancepolicies cover renovations. However, it's to your advantage to check with your agentbeforethe project gets underway to make sure that you will be adequately covered during and after the renovation. There are two key reasons why this is important: Your existi...
First, let’s tackle the big question: Does homeowners insurance cover air conditioner replacement? The answer, like many things in life:It depends.More specifically, it depends onwhyyour AC unit isn’t working. To understand why that’s important, let’s talk a little about homeowners insuran...
Two things that homeowners insurance often does not cover are earthquakes and flood-related damage, but there are several other instances of damage that your home insurance will likely exclude. Here are a few examples: Failure to Perform Maintenance ...
Does Homeowners Insurance Cover Wildfire Damage? Typically, wildfire damage is included in your homeowners insurance coverage. However, the rapid rise of wildfires due to climate change in recent years has caused insurers to dramatically increase premiums or deny coverage altogether in fire-prone areas...
Homeowners insurance protects your financial interest in your property, while private mortgage insurance (PMI) protects your lender. If you have less than 20% equity in your property, you’ll likely be required to pay for mortgage insurance, so your lender is protected if you default on your ...
You’d pay your share of the repair cost — known as the homeowners insurance deductible— and then the insurer would pay the rest, up to your dwelling coverage limit. » READ MORE: What is dwelling coverage, and how much do you need? Other structures coverage Just like it sounds, ...
While homeowner's insurance is important to have in the face of disaster, the reality is that it only protects your home from windstorm damage—leaving it vulnerable to other major catastrophes like earthquakes and flooding.Kate RogersFox Business...
Your homeowners insurance provides a basic safety net, but it's not a comprehensive party protection plan. A little preparation and the right additional coverage can ensure your holiday gathering is memorable for all the right reasons. Disclaimer:...