Read articles written by Homeowners Insurance Cover
Steps To Changing Homeowners Insurance
Don’t assume that you should stay with your current home insurance provider if you’re planning to buy a home soon or you already own one because staying with the same home insurance company for several years can pay big dividends. Yes, you might receive discounts if you’re doing business with them for a long time; ... Read more
Does Homeowners Insurance Cover Window Replacement?
Replacing a window is always an expensive endeavor. The larger the window, the more expensive it is to repair and the last thing you want to do is pay for it yourself. But does your homeowners insurance cover the cost to pay for a window? As we see with most questions about coverage, it all ... Read more
Does Homeowners Insurance Cover Tenant Vandalism?
You’re a homeowner who made the decision to rent out your home to a tenant. This tenant moves in and after a while, you receive a call alerting you to a flooded basement and immense damages. You come to find out that this was not caused by a burst pipe but rather the tenant leaving ... Read more
Flood Insurance Deductible Explained
Water damage is generally covered by your standard homeowners insurance policy. Burst pipes, water seepage from roof damage, or when your roof is totally blown out in the event of a hurricane, you can have a bit of relief knowing that your insurer will be there to the rescue. But while water damage can be ... Read more
Vacant Land Insurance: Is It Required?
Short answer: No. Should you get it? Yes. Why? Vacant land isn’t spared from accidents. You’ve heard about wildfires or any other accidents for that matter, right? This is why it is important to get vacant land insurance because you still hold responsibility for anything that happens within the premises. We have covered the basic ... Read more
Does Home Insurance Cover Oil Tank Removal And Leaks?
Homes that are heated with heating oil and are equipped with an oil tank may have trouble getting home insurance. You might be wondering if homeowners insurance covers oil tank removal and leaks? Find out in the article below. Oil Tank and Insurance Coverage You know that an oil storage tank is a great device ... Read more
Is Home Insurance Required or Mandatory?
In short… No. There is no federal or state law requiring you to purchase homeowners insurance. However, the mortgage lender holds every right to require you to buy a policy before allowing you to take out a loan. In most cases of the home buying process, the mortgage lender will require you to purchase an ... Read more
Umbrella Insurance Policy
What is Umbrella Insurance? Umbrella insurance is a type of liability insurance to goes above and beyond other policies. In other words, when someone who is insured is responsible for damages caused to another person, the insured person’s primary insurance policy pays its limits and any amount left over more than that limit is picked ... Read more
Does Hail Damage Claim Raise Home Insurance Rates?
Home insurance companies would have different grounds for raising premiums. Depending on many factors that can include your location, inflation rate, and your credit score, your insurer may require you to pay higher rates for you to remain covered against well-defined perils. But whatever the situation is, understanding what your policy provides will determine your ... Read more
Builder’s Risk Insurance For A Home Under Construction
The need for having your home insured doesn’t just start at the time when you’re about to move in. If you own a lot and you’re building your home on it, the risks of accidents, vandalism, or theft are already present the time that you break ground and your contractor initiates the task of constructing ... Read more
Power Outage Food Spoilage Insurance
Aside from the inconvenience of doing chores without running electricity, one thing certainly does make you wish your power was restored quickly enough – spoiled food on the fridge. When you had some savory ribs or steaks that got spoiled due to a power outage, you can’t help but regret not cooking them before the ... Read more
What Is A Homeowners Insurance Binder?
A lot of homeowners, especially those who just purchased a new home, are usually confused about the term Insurance Binder. To be very simple about it, a Homeowners Insurance Binder is a temporary document which acts as your insurance policy while the actual policy has not yet been completed. The sole purpose is to verify ... Read more