Buying a mobile home can feel like a completely different experience. People who buy a mobile home sometimes think they can safely skip insurance since the units are less expensive than a traditional home. But that can be a big mistake, given how cheap it is to insure a unit. Several factors will determine…
A homeowner’s insurance policy pays for damage to your property if something unexpected happens. After filing a claim, your home insurance company will send an adjuster to look at the damage’s extent and determine your settlement amount. Here are some FAQs people ask themselves when planning to file a home insurance claim. When can…
Catastrophic insurance is an insurance add-on for protection against disaster. However, while there are many different insurable disasters, not all of them necessitate separate insurance. Home insurance policies cover some. Catastrophes that can be covered by homeowners insurance policy include: Hurricanes and tropical storms: If you live in a high-risk location, you may need…
Dwelling insurance, also called Coverage A, is a home insurance policy that can pay for the cost of reconstructing or repairing your home’s physical structure in the event of a covered loss. Is Dwelling Insurance Different From Homeowners Insurance? There are a few differences between dwelling insurance and homeowners insurance. Dwelling insurance provides much less…
Home insurance companies may sometimes refuse to renew your policies for various reasons. If your insurer chooses not to renew your home insurance policy, they must notify you 30 days before it expires. Here are things you should do if your provider refuses to renew your home insurance policy. Find Out The Reason. Insurance providers…
Never allow your homeowner’s insurance to lapse unless you have enough money to rebuild your house in the case of a disaster. Unfortunately, your insurance company won’t reimburse you if your home faces major damages during this period. Therefore, keeping your insurance policy in place and paying monthly premiums is essential. So, what happens if…
You can save on home insurance if you or your spouse is age 55 and above. An advisor can help you examine your current home insurance policy, determine if you are paying more than required, and explore the different discounts available to seniors. Mature Credit You may be eligible for home insurance discounts on your…
You need flood insurance if you reside in a high-risk flood area because most homeowners’ insurance policies do not cover flood damage. Flood insurance only costs you a small amount of money, so it’s worth getting the coverage if you can afford it. What Is Flood Insurance? Flooding may occur when a hurricane storm surge,…
Most insurance agents advise policy owners to raise their deductible if they want lower premiums. While increasing your deductible is the right move for some people, it’s not for everyone. But what are the benefits of carrying a high deductible on your auto, home, and other insurance? But before we provide you with these benefits….
As a homeowner, you must protect your home with insurance. In fact, mortgage lenders require you to get a home insurance policy. Fire damage is one of the greatest fears of any homeowner, and the thought of losing treasures can cause some anxiety. Fortunately, fire insurance can protect your home and belongings when the unexpected…