Homeowner's insurance is an important piece of the home ownership puzzle. Because almost all mortgage lenders require proof of insurance, having a policy is more of a necessity than an option. However, many potential homeowners aren't clear about what a homeowner's insurance policy covers. While each policy is customizable and has varying details depending on the insurer, there...

Hazard insurance and homeowners insurance are often mistaken for the same thing due to the similarities they share. While standard homeowners insurance policies include hazard coverage, standalone hazard insurance serves a different purpose. How do you know if you need hazard insurance? Here is a guide to help you understand the basics: Hazard insurance vs. homeowners insurance Hazard...

If you’re budgeting for a new home, it’s important to incorporate the average cost of home insurance. Insurance rates are composed of many factors, and knowing these factors can help you estimate the potential expense. Here is a quick guide to the variables determining the average cost of homeowners insurance: Home location & age Homeowners insurance cost is...

A common question homeowners have about their insurance is, “does home insurance cover water damage?” Among the myriad natural perils your home can face over the course of its life, water damage is one of the most varied. With all the different causes of water damage, it’s important to know which types require an additional insurance policy. To...