A resource hub for homeowners.
On average, the annual cost of a homeowners insurance policy in 2020 is $1,445, but in reality, the average cost between different regions, states, and individual households can range greatly. A number of factors come into play when an insurer is determining your home insurance quote, including: Home age Condition…
When purchasing home insurance for your condo or townhome, you need to be sure that you get a policy that adequately covers the cost to repair or rebuild your property. A standard homeowners policy will cover and reimburse the cost to fix damage to your home in the event of…
When you’re preparing to purchase a home, your mortgage lender may require you to purchase title insurance. The reason lenders ask borrowers to purchase these policies is because they don’t want any legal and financial claims on the property that become known after the sale is finalized to cause lengthy…
The structural components of your condo and the property within are covered by two types of policies: a master policy purchased by your condo association and the individual condo insurance that you choose to purchase. When you purchase a condo, your mortgage lender will require you to obtain a condo…
Although condos are purchased and not rented, condo owners won’t be able to purchase homeowners insurance for their property. Homeowners and condo insurance policies have several important distinctions that condo and homeowners need to know when considering properties they want to buy. At the end of the day, condo and…
In the United States, condo insurance costs average for 2020 is $478 for an annual premium. The cost of condo insurance policies, however, can vary greatly, and to understand why, you need to know how condo insurance works and what can affect the types and amount of coverage needed to…
When shopping for the best condo insurance, you need to take a look at a variety of options, but the process can feel overwhelming because of how many policies there are on the market. Much like homeowners insurance, standard condo insurance includes several different types of coverage. While you want…
If you live in a condominium or apartment, you will need to consider if you want home insurance. The options available for your situation, condo insurance, and renters insurance, respectively, have differences compared to standard homeowners insurance policies that you need to know. Table of Contents1 What Insurance Do You…
When mortgage lenders extend a loan to a future homeowner, they want to make sure that their profits are protected. If a homeowner is making a downpayment of less than 20% of the value of the loan, lenders often require that the borrower purchase a private mortgage insurance (PMI) policy….
Mortgage lenders will often require their borrowers to have various insurance policies in order for the loan offer to proceed. The policies they ask for borrowers to carry will depend on the circumstances of the loan and the home being purchased. These policies can either insure the structure of the…
Flooding can cause extensive damage to your home, so if you are purchasing a home in an area with a high risk of flood-related damage, your mortgage lender may require you to have a flood insurance policy before you can close on your new house. Table of Contents1 Why Your…
Water damage in the home can be a source of enormous stress and cause you to have to deal with frustrating repairs, property loss, and inconvenient interruptions to water usage in your home. Dealing with these issues can add to your stress when you have water damage, so it’s important…
Having home insurance means the difference in protection or lack of protection for your home and personal assets. Not having insurance puts you at risk of losing every bit of your property. Protect your private investments by having an HO-3 policy on hand. Table of Contents1 Denver, Colorado Homeowners Insurance2…
An HO-3 policy covers a homeowner’s personal property. This includes the basic structure of the home as well as the contents inside of it. Most homeowners cannot own a home without home insurance. Protecting your property in case of a serious accident or liability damage is important. You never know…
Table of Contents1 Cortez, Colorado Homeowners Insurance 2 Cortez Condo Insurance3 Cortez Renters Insurance 4 Census Cortez, Colorado Homeowners Insurance If you are a homeowner, you will more than likely need an HO-3 policy. This type of home insurance covers the cost of your property and your physical assets inside…
Table of Contents1 Colorado Springs Homeowners Insurance2 Colorado Springs Condo Insurance3 Colorado Springs Renters Insurance4 Conclusion Colorado Springs Homeowners Insurance Most homeowners need an HO-3. This is especially true if the homeowner has a mortgage on their home. Most loan companies do not lend to homeowners without proof of insurance….
Homeowners need protection in the form of HO-3 insurance to protect their investment. This type of insurance applies to private land, the house, and the things inside of the house. Some medical payments and liability are also covered by HO-3 insurance. Think of an HO-3 as a type of liability…
An HO-3 premium is meant for homeowners to protect their personal assets. Having an HO-3 premium protects the property within your home. It includes all of your assets, the health of your property, and any liability. If you have any medical-related damages, an HO-3 covers that as well. If you…
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