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.
Homeowners insurance covers losses and damage to an owner's residence, furnishings, and other possessions, as well as providing liability protection..
Homeowners Insurance vs. Renters Insurance Both homeowners andrenters insurancerequire regular payments, usually either monthly or as one lump-sum annual payment, and a policy must be in good standing in order to pay out on a claim. Both may require the payment of a deductible for cl...
While homeowners insurance covers many circumstances, there are several that are not. Flooding Your policy will usually cover"sudden and accidental"water damage that can be traced to a source inside your home, like a burst pipe. Flooding from outside the home, however, usually requires a separat...
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:...
Why was I rejected for homeowners insurance? There are many different reasons a carrier might turn you down, some of which have to do with you and some with the home itself. High-risk location If your house is in an area plagued by tornadoes or wildfires, a carrier may consider it too...
How do I save on renters insurance? Although renters insurance is generally much less expensive than homeowners or condo insurance, there are still ways to reduce your premium. Here are some potential tactics: Bundle your policies:If you also have an auto insurance policy, considerbundling your ...
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 ...
Homeowners insurance is a type of insurance that generally covers damage to your home or theft of personal property from your home. By paying a monthly premium, you enter into an agreement with an insurer that, if your home is damaged, it will cover any associated costs. ...
How Homeowners Insurance Works Homeowners insurance pays to repair or replace your home and belongings if something bad happens, like a fire or theft. To secure the assurance of this financial compensation, you’ll pay a yearly premium — usually set up through escrow or paid out yearly or mon...