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Is Home Insurance Required When You Buy a House?

If you’re buying a home, one question you might wonder is this: Is home insurance required when you own a house?

In many cases, homeowners insurance is indeed mandatory—and even in cases where it isn’t absolutely necessary, it’s still a good idea. To help you understand why, we’ve put together this Home Buyer’s Guide to Home Insurance, which will help walk you through what you need to know from beginning to end.

In this first article, we’ll introduce you to what homeowners insurance is, why it’s often essential, and what can go wrong if you don’t have it.

What is homeowners insurance?

With home insurance, as with other types of coverage (including health insurance), you pay a relatively small amount of money either monthly or annually in exchange for the promise that your provider will help you pay for unexpected costs you might incur as a homeowner.

What can

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Preparing For A Flood: From Flood Insurance To Keeping Your House Safe

Nobody expects to find 10 inches of water in the living room. Did you know that floods are the number one natural disaster in the United States? Unfortunately, it can happen to anyone, and the best thing you can do to protect your family and home is to be prepared. Read on to find out some things you can do before this natural disaster strikes.

Plan Ahead

-Buy flood insurance: Believe it or not, a regular home insurance does not cover water damage. This is why it’s highly recommended that business owners and homeowners purchase flood insurance. Just remember that it takes 30 days after your purchase for your flood insurance protection to become valid.

-Build your house on the right place: Avoid building your home and business on low-lying land next to a river. These areas extend from the banks of the river to the walls of the enclosed … Read More

House Insurance Offers: Tips on Getting Better Quotes and Discounts

It might take some time for you to do some research, but you really do want to be careful when evaluating house insurance offers. How do you know which company is right for you? What about the policy? Does it include everything you need? Is it right for your home and property? What about the contents of your home? All of these questions must be answered before you sign any contracts.

Always check the financial stability of any company you are considering and consult consumer sites to read reviews and ratings. Also, keep in mind that you might not necessarily need the traditional insurance type. There are newer, modern solutions such as “peer to peer models”. This is an ideal system for those who have trouble getting affordable insurance the traditional way.

Regardless of which type of system you go for, it is essential that you know the value of … Read More

House and Home Insurance: A Guide to Evaluating the Worth of Your Home and Belongings

You know that you have to get home insurance of some kind to protect your dwelling, but there are so many options that you might feel overwhelmed. It’s important to determine just how much insurance you’ll need to adequately protect your home, property, and contents. Don’t forget about the items inside your home, either. Some basic insurance policies only include coverage for the property itself. It’s ideal that you search for house and home insurance that covers everything, including walls, furniture, appliances, carpet, jewelry, electronics, and so forth.

At the minimum, make sure you get insurance that covers the property itself, contents, legal liability should anyone become injured on the property, and loss of use so that you’ll be able to pay for temporary housing while the house gets repaired. If you want money for the actual REPAIRS, you’ll need additional coverage such as flood, fire, windstorm, and so forth. … Read More

House Insurance Comparison: Overview of Factors That Affect Rates & How You Can Choose a Policy

As with any type of insurance, you are probably interested in getting the best possible deal on home insurance. Thankfully, there are tools that make it possible to not only search for policies, but to do house insurance comparison with multiple quotes to find the best one for you.

For some homeowners, price matters more than anything. This should not be the case, though, since overall value is more important than cheap rates. Consider both the premiums and deductibles. Think about the rebuilding costs of your home. How much will it cost to literally replace everything is your home and property is utterly destroyed? The current value of your home and the rebuilding price will not be the same. Try to estimate how much you will be able to afford to pay in deductibles in the worst case scenario and keep that in mind when doing house insurance comparison.

Here … Read More

House Insurance Quotes Online: Info You Need to Know About Homeowners Policies

Your home is supposed to be your safe haven – where you can leave in peace, create memories with family, sleep, eat, and simply live. What if something expected happens one day and you become displaced or even homeless overnight? It’s happened to many people before, and it can happen to you. Increase the chances of getting through such a situation and being able to fix your home up as good as new by choosing the best insurance policy possible for your needs. You can begin your search by looking for house insurance quotes online.

Sophisticated tools can be used to help you find and compare multiple policies, rates, and options. You can sort through all of the offers to find the best deal possible on the coverage you need. All of the information is available right at your fingertips. A few factors that affect the types of quotes you … Read More

Buy House Insurance: An Overview of HO3 Policies and Online Insurance Providers

There are so many home / property insurance providers these days that it can seem a bit confusing for even those who are more knowledgeable about the industry. Whether this is your first time trying to buy house insurance, or you’ve done it in the past and want to look for a better policy, you’ll need to decide whether you want to shop around for quotes yourself or have a broker to help you.

The first step is to figure out exactly what kind of homeowner’s policy you require and what type of coverage(s) you need. Some of the things that are usually standard in insurance policies (“HO3 Homeowners Policy”) include dwelling coverage, coverage of other structures on your property (garage, storage building, swimming pools, etc.), and certain items that are inside your home. This kind of policy can also cover instances when you have to stay elsewhere because your … Read More

House Insurance Online Guide: 5 Mistakes You MUST Avoid When Buying Home Insurance

Home insurance is something that most people require. While it is very easy to search for house insurance online, it’s not as easy to actually select a policy. There are plenty of mistakes that people make when selecting coverage. Just one mistake can cost you dearly.

Since it’s probably one of – if not THE – most valuable asset you own, it’s essential that you buy the correct type of insurance for your house.

Here are some huge mistakes you’ll want to avoid when purchasing house insurance online:

Mistake #1: Underinsuring your home

Many people go with the lowest price thinking they will save money every month. They buy only enough insurance to cover the mortgage, or only insure the house for its real estate value, in the gamble that the house won’t burn to the ground or get flooded out.

But that shouldn’t be a gamble you take. What … Read More

Cheap House Insurance Quotes: Tips for Increasing Your Chance of Getting Affordable Home Insurance

Are you a new homeowner? Or do you wish to have cheaper insurance? Finding cheap house insurance quotes online isn’t difficult. You just need to weed out the good offers from the bad. With a bit of forethought and planning, you can in all likelihood get a good deal.

Here are a few tips you can use to help you get cheap quotes and choose the one that is right for you:

1. You’ll need the right amount of coverage in addition to the right policy. The amount of money you paid for your house is not going to be the same amount that it would cost to rebuild the house in the event it is badly damaged. There is always the potential for disaster occurring on the property around the house as well. Keep this in mind when determining the amount of coverage you should have. Also, carefully read … Read More