Tag: Homeowners Insurance

Posted on 12/08/2024
Home Insurance for Renovations: What You Need to Know
If you own a home, then you have a home insurance policy. This policy is there to provide you with coverage in the event of something unexpected — such as significant damage from a storm or stolen property. If your home is damaged, you may be able to put some of your insurance claim toward upgrades and renovations,...
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Posted on 12/18/2022
Understanding hazard insurance
Hazard insurance and homeowners insurance are often mistaken for the same thing due to the similarities they share. While standard homeowners insurance policies include hazard coverage, standalone hazard insurance serves a different purpose. How do you know if you need hazard insurance? Here is a guide to help you understand the basics: Hazard insurance vs. homeowners insurance Hazard...
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Posted on 08/28/2022
How do you prepare for a home insurance inspection?
To obtain or keep a homeowners insurance policy, your home may need to have a home insurance inspection. Insurance companies use inspections to identify any liability issues with your property and determine the amount of risk associated with its condition or features. If you take some time to prepare, you might be able to identify some of these...
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Posted on 08/07/2022
A beginner's guide to homeowners insurance: How much will it cost?
If you’re a first-time homebuyer working on a budget for your future plans, you might be wondering about homeowners insurance - how much will it cost, anyway? Unfortunately, the answer can get complicated, as it depends on several factors. To help you budget for your first home, here is a quick guide to what goes in to determining...
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Posted on 04/03/2022
Understanding additional living expenses
Every homeowners insurance policy includes a percentage of coverage for additional living expenses. If you’re temporarily displaced from your home because of damage, this coverage can help you pay for the additional everyday expenses until you’re able to move back in. But what exactly does additional living expense (ALE) coverage include? Here is a basic guide to the...
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Posted on 11/17/2019
Homeowners' Insurance: Key Components Every Homeowner Should Know
Photo by Steve Buissinne via Pixabay Often used interchangeably, the terms “property insurance” and “homeowners’ insurance” sometimes confuse new homebuyers. Homeowners’ insurance is a specialized form of property insurance. By “property” the insurance industry means anything that you own. Under that category come homeowners’ insurance and even renters’ insurance. These products cover single-family houses, condominiums and a renter’s...
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