Homeowners Insurance Basics

Learn about the basics of home insurance coverage, including what types of coverages are available and how home insurance works.


Renters Insurance Deductibles: How Do They Work?
Renters Insurance Deductibles: How Do They Work?

Part of choosing the best renters insurance policy is choosing what deductible is right for you. A deductible is an amount you pay out of your pocket when a claim is made on your renters insurance policy. If you have a high renters insurance deductible, it lowers the price of your monthly premium. The choice […]

UPDATED: NOVEMBER 09, 2022 | 1 MIN READ

What You Need To Know About Flood Insurance For Renters
What You Need To Know About Flood Insurance For Renters

Flood coverage is essential to renters as it covers personal property damaged due to flooding. Flood damage is not typically covered under renters insurance, so you must add it to your policy. FEMA (Federal Emergency Management Agency) or a private flood insurance company can add flood insurance to your renters insurance policy. FEMA’s National Flood […]

UPDATED: OCTOBER 18, 2022 | 2 MIN READ

How to File a Home Insurance Claim After a Burglary
How to File a Home Insurance Claim After a Burglary

Statistics show that one in every four homes will be burglarized. If you’re one of the unlucky homeowners who have experienced a burglary, then you know just how devastating it can be. Not only do you have to deal with the financial impact, but you also have to worry about the safety of your family […]

UPDATED: SEPTEMBER 22, 2022 | 1 MIN READ

How Depreciation Impacts Your Home Insurance
How Depreciation Impacts Your Home Insurance

Depreciation is a process whereby an asset loses value over time, which allows it to be replaced or repaired. This can affect home insurance depending on the type of policy you have. Some home insurance policies consider depreciation amounts when paying out an insurance claim. Knowing if your policy will payout minus depreciation is important […]

UPDATED: SEPTEMBER 22, 2022 | 3 MIN READ

Restricted Dog Breeds For Homeowner’s Insurance
Restricted Dog Breeds For Homeowner’s Insurance

Owning a dog means you’re responsible for the damages it causes, whether digging in a neighbor’s yard or biting someone. Homeowners insurance provides coverage for these actions. Some insurers offer coverage, but not for restricted dog breeds.  Which Restricted Dog Breeds Will Homeowner’s and Renter’s Insurance Not Cover? There are restricted dog breeds that insurers […]

UPDATED: SEPTEMBER 23, 2022 | 2 MIN READ

What Are Home Insurance Coverages A-F?
What Are Home Insurance Coverages A-F?

A home insurance policy typically has six coverage types. If you want to know more about insurance coverage types, their limits, and how they apply, read on. Home Insurance Coverages: What’s Covered and What’s Not? Standard Policy’s Covered Perils Standard home insurance coverages aren’t for every event. The common covered perils include: Lightning strike Fire Theft […]

UPDATED: SEPTEMBER 23, 2022 | 3 MIN READ

What is Additional Living Expenses Coverage?
What is Additional Living Expenses Coverage?

Additional living expenses coverage is a regular part of a standard homeowner’s or renter’s insurance policy. Learn what it covers and when you need to file a claim. What Is Additional Living Expense Coverage (ALE)? When you experience damage or destruction to your home, additional living expense coverage helps pay in part for what is […]

UPDATED: SEPTEMBER 21, 2022 | 1 MIN READ

What’s the Average Cost of Home Insurance?
What’s the Average Cost of Home Insurance?

Some mortgage lenders require homeowner’s insurance with loans, which leaves potential homeowners scrambling for the best rates. Keep reading for the average cost of homeowner’s insurance, what it involves, and how to save on premiums. What’s the Average Cost of Home Insurance For a home with $300,000 worth of dwelling coverage and $100,000 in liability […]

UPDATED: OCTOBER 25, 2022 | 1 MIN READ

What Is a Homeowners Insurance Deductible?
What Is a Homeowners Insurance Deductible?

A homeowners insurance deductible is what you agree to pay out of pocket for a loss or repair that’s covered by your policy. Suppose you have a $2,500 deductible, and the total damages cost comes to $7,500. Your insurance company would then subtract your deductible from the total cost, and cover the rest. In this […]

UPDATED: OCTOBER 04, 2022 | 1 MIN READ

Types of Homeowners Insurance Policies
Types of Homeowners Insurance Policies

Homeowners’ insurance is an essential policy to have. It protects against damage to the home and provides liability coverage should you need it. It gives you financial protection against loss due to disasters, theft, and accidents.  Homeowners Insurance Policies For Single-Family Homes Many different policies are available for people who own single-family homes. HO-1 policies […]

UPDATED: SEPTEMBER 23, 2022 | 2 MIN READ