Homeowners Guide

When your homeowners insurance lapse, it may make you seem financially irresponsible. However, these things may happen due to negligence and other factors. This is why you want to avoid a policy lapse no matter what. In this article, we discuss the main reasons why your homeowners insurance may lapse and how you can avoid ... Read more

Imagine yourself holding two boxes with only one of them being your own. You have to let go of one box and only care for the other. Which box will you choose?  If you are like me, I would choose the box that is my own. This is the same reason why insurance companies charge ... Read more

Moving into a condo or apartment can be a confusing time for homeowners, especially when it comes to insurance. The policies are different, and some are specified for condos and some for co-ops so you need to know your situation thoroughly before commencing the insurance searching process. A common policy in condo insurance is dwelling ... Read more

Owning an apartment or a co-op residence is quite different from owning a home. In the case of owning a home, you’re responsible for the protection of the property as a whole – yard, home, everything in between. As a member of a co-op residence, your insurance coverage is a little different. As the owner ... Read more

When someone passes away, it can be upsetting and uncomfortable to figure out the finances of the estate and to navigate the rules of the insurance world. As one of the biggest and longest-term loans you will take out in a lifetime, it is preferable to be alive to see the last mortgage payment paid ... Read more

Moving is an exciting and stressful time! Selecting your new home and selling your old one takes time, lots of work, and so much paperwork. Figuring out your insurance policies – What happens to your insurance policy when you move? Can you transfer your policy to your new home? If you need to cancel it, ... Read more

When a person purchases a house, most often they will also purchase insurance for their house and the items contained inside the house.  This is called homeowners insurance. The way most home insurance policies work is that the homeowner pays a monthly fee to the home insurance agency and in exchange, if there is an ... Read more

Seeing your insurance premium increase at the beginning of the year is both confusing and frustrating. Your situation hasn’t changed, your location hasn’t either – so why did your rates increase? There is a multitude of reasons for the homeowners insurance increase, some within your control and some that can’t be helped. Anything from hurricanes ... Read more

I am certain that you have purchased auto insurance along with your car. This is why you may think that your homeowners insurance wouldn’t cover for any damage to your car. However, if the damage to your car happens when it is safely parked in your garage, your home insurance may cover it. Your car ... Read more

Personal property insurance is the third section of a standard home insurance policy. The purpose of this section of coverage is to protect the homeowner’s belongings in the event of damage that is due to a covered peril in the policy.

If your coverage has lapsed or you’ve bought insufficient insurance recently, you may be hit with the unfortunate surprise of force-placed insurance. Where you might have paid $500 a year for insurance, you’re now facing a $1,000 charge. Force-placed insurance is rarely welcomed and benefits few besides the mortgage lender who purchased the policy. But ... Read more

When closing on a house, you’re going to come up against some hefty fees during the closing process. Lender’s fees, third-party fees, and your downpayment will all be included in your closing costs. But will your insurance premium be part of your closing costs? That is up to you. Your mortgage lender will probably require ... Read more