Tag Archives: home insurance

What is Homeowners Insurance?

Homeowners insurance, which might also be called home insurance, is something that most mortgage companies will require you to have when you purchase a home. This kind of insurance gives some protection to your home, as well as your possessions. It also may cover some of the costs in case of personal liability. Not all homeowners insurance policies will cover exactly the same things. In general, there are two basic parts that all homeowners insurance should have. One part involves property protection, and the other part involves liability protections. You need to make sure that you purchase enough homeowners insurance … Continue reading →

Homeowner’s Insurance Dilemma

If you’ve ever filed an insurance claim, you may have discovered that the process can tempt the patience of a saint sometimes. It can be that much more frustrating for us mere mortals. Someone I know recently had a tree fall onto his house. It was during very cold, wet weather (although I can’t imagine a good time for such a thing to occur). Of course, he called the insurance company right away, but unfortunately, the company wasn’t in nearly the hurry he was to fix his home. The adjuster also tried to cut as many corners as possible. The … Continue reading →

The Contents of A Homeowner Policy

A Homeowner policy is an expanded Standard Fire Insurance Form with built in endorsements and added coverage. Lenders usually require a Homeowner Insurance Binder or Certificate of Insurance, by the closing date, if the insurance isn’t in place then the sale of the house won’t close. Lenders won’t pay for property that’s not properly insured, and some lenders may require specific types and coverage amounts to be sure they don’t lose money if there is a disaster. Many states also require Homeowners have additional specific types of insurance, such as earthquake or flood insurance if the risk is greater. The … Continue reading →

Choosing a Home Insurance Provider

Choosing a home insurance provider is a job all new home owners must do, and is quite serious because you are in effect married to that provider. You will depend on him and his company when disaster strike, so it is important to make sure that you choose a home insurance provider you trust. One of the factors you’ll take into consideration is price. Not all insurance providers are the same, so check around and get quotes. Make sure that you are comparing apples to oranges, and that one policy provides roughly the same coverage as another when you do … Continue reading →