Essentials of Homeowners Insurance

What is the purpose of buying home insurance? It is to safeguard you, your assets and your home from unforeseen events. Suppose your home and everything in it is gutted by a fire. In an ideal world, you will have enough coverage to rebuild your home fully and replace all your belongings.

There are a lot of factors that affect your optimal coverage levels, including the home that you reside in and your possessions. This article will address the main components of a home insurance policy and the best coverage levels.

How Are Home Insurance Rates Calculated?

If you’re shopping around for homeowner’s insurance, you may have gotten several estimates. The quotes varied significantly—even if the coverage levels each carrier provided were the same. Getting such wildly different home insurance rates might leave you...

Umbrella Insurance-What Is It, Do You Need It and How Can It Assist You?

Defining umbrella insurance Umbrella insurance is simply a secondary form of liability insurance covering your personal liability. Umbrella insurance provides liability protection against lawsuits and claims that may be brought against you that exceed the...

How to Get Home Insurance Discounts?

What You Can Do To Qualify for a Homeowner Insurance Policy Discount There are several homeowner’s insurance discounts that are applicable when you initially purchase your policy. For instance, if your house is new it might require less repairs in particular...

Tips on How to Get the Right Coverage for Your Home

The reason why homeowners purchase insurance is to protect themselves from disaster. According to a recent survey people who filed insurance claims during the last couple of years feel their insurance did not meet their expectations-particularly if they had a...

The Importance Of Shopping Around For Home Insurance Quotes

You have heard people repeatedly emphasize the importance of shopping around before purchasing an insurance policy. The reason why this is said time and again is that it is sound advice-and you can realize huge cost savings. This is amply evidenced by a recent...

How Do Insurance Escrow Accounts Operate?

Insurance Escrow 101 An escrow account is established to collect payments such as your homeowner’s insurance, property taxes and other items in equal installments over the year. The bills are then paid as they fall due. If the lender agrees you can pay the bills...

15 Ways To Reduce The Cost Of Your Homeowners Insurance Policy by 20%

If you own a home or are in the process of buying your first house, you must know by now how expensive home insurance premiums can get depending on the size, content and insurer of the home. How much you pay for your homeowners insurance may differ by hundreds of...

Is Your Home Insurance Too High?

When people make large claims, one of the main issues they’re going to deal with is finding out their home is underinsured. Even so, when people check the cost of their home insurance, they often want to reduce costs as much as possible. New buyers are often surprised to find out just how much they need to pay to insure their home, while people who’ve had a home for a long time may feel quite annoyed to see that their property’s insurance value has increased, while its resale value may not have followed the same trend.

Homeowners Insurance Articles