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…
Within over 365,000 residents in 2019, Marion County is one of the most populous counties in the state of Florida. The county is just north of the close to the center of peninsular Florida and is made up of the Ocala Metropolitan Area, which crosses over the border of 3…
Putnam County is a landlocked area located in northeastern Florida, relatively close to the Atlantic coastline. There are close to 75,000 residents living in Putnam County as of 2019, with many of them living within a multi-county population cluster known as the Palatka Micropolitan Statistical Area, home to just under…
St. Johns County is located on the northern Atlantic coastline of Florida. The population of St. Johns County, as of 2019, is made up of 264,572 residents according to the US Census Bureau, which makes it one of the most populated counties in the state. Table of Contents1 Living in…
Sitting along the Atlantic coastline, Nassau County is located in Northeastern Florida and has a population of 88,625 residents, as of 2019. The county features a variety of ecological environments, including Amelia Island, the plethora of beach communities, fertile farmland, timberland forests, and numerous rivers. Table of Contents1 Living in…
Duval County is the third most northern county along Florida’s Atlantic coastline, and according to the US Census Bureau, the population of Duval County is 957,755 as of 2019. Although much of the county is considered urban and suburban, it also features two nationally protected areas, the Fort Caroline National…
Clay County is a landlocked municipality located in northeastern Florida. As of 2019, Clay County has 219,252 residents, making the county one of the most populated in the state of Florida. The largest contributing industries to the county’s revenue are mixed freight/goods transportation industry, pharmaceutical industry, and the technology/electronics industry. …
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