There are many things to consider when choosing homeowners insurance, including the type of coverage you need, the amount of deductible, and the location of the home. If the property is old, or it has extensive damage, you should consider a higher deductible. Choosing the right coverage for your property is important, but it doesn’t
If you have purchased a home, one of the first questions you should ask is, “Are foundation problems covered by homeowners insurance?” The answer depends on the specific circumstances of the problem. For example, a faulty foundation may be caused by moisture, which can be an issue in areas that are prone to flooding and
When you’re shopping for homeowners insurance, determining whether hazard insurance is part of the policy is essential. This type of insurance covers damage or loss to the structure of your home. It does not cover the contents of your home. Fortunately, there are several different kinds of policies available, so you don’t need to purchase
Knowing how much home insurance you need is a critical part of the home-buying process. A home insurance policy covers many risks, so you need to ensure that it is sufficient to meet your needs. But how can you know whether you have enough? Here are some tips for homeowners. Read on to learn more.
If you are planning to move to a new state and want to change your homeowner’s insurance, there are a few steps you can take to keep your current coverage. The first step is to contact your current insurance provider to make the change. Your current policy will usually end in a year, so making
When choosing the amount of personal property coverage you need for your home, you should first determine how much of your possessions are worth. To figure this out, you should make an inventory of your possessions. Include descriptions of your valuables, prices, and the number of each. This will help you determine the amount of
The exclusions listed on a typical homeowner’s insurance policy are many and varied. Some are listed to protect insurance providers, others are because certain events are considered to be high-risk. Common exclusions include war, earth movements, nuclear hazards, and intentional acts by the owner. Other exclusions include theft, vandalism, water damage, and illegal activity. For