Renters insurance is for occupantswho do not own the property but want to protect their personal belongings that are in the home or on the property. It is important for renters to note that the property owner’s insurance policy does not cover the tenant's personal property if it...
“The risks of not having homeowners insurance are significant,” saysMark Snyder, principal consultant atHi Marley, a property and casualty (P&C) insurance platform. “By not having homeowners insurance, we not only increase the risk of serious financial consequences or even ruin to ourselves and ...
Home insurance will provide a safety net in case something external — a fire, high winds, crime, a personal injury lawsuit — threatens your home investment. Without thistype of insurance, you’d be personally on the hook for major repairs or for replacing your entire home. You’d also be...
Homeowners insurance is a must if you have a mortgage. Here’s a guide to why you need homeowners insurance, and how it differs from other types of insurance.
Personal liability insurance covers you if you’re responsible for someone else’s injury or property damage. Personal liability coverage is a standard part of a homeowners insurance policy. It can cover scenarios such as a dog bite or someone getting injured on your property. MORE LIKE THISInsu...
to protect your home in the event of damage to the structure as well as your personal belongings. Personal liability coverage is also an important part of your homeowner's insurance policy, providing the protection you need should you be responsible for property damage or bodily injury to others...
If you’re found responsible, you could be ordered to pay large sums of money in a personal injury suit, a cost that can be offset by your liability coverage. When Should I Get Homeowners Insurance? Your mortgage lender will require you to purchase homeowners insurance before closing on your...
Personal liability: Helps pay legal bills if someone sues you over injuries or property damage. Insurers also provide a defense for you in case you are sued which is an added benefit. Arizona law does not require you to buy a home insurance policy. But, if you mortgage a home, the lende...
Homeowners insurance refers to a type of property insurance that covers damages to property, personal belongings, and personalliabilitysuffered when an insured peril occurs. The policy provides financial relief to the homeowner when the covered event causes damage to the property or injury to another ...
Contents insurance, also referred to as personal property coverage, covers the contents of your home — up to your policy limits and barring exclusions. In short, your contents coverage applies to the vast majority of the belongings that you store in your house, such as furniture, clothing an...