Homeowners Insurance Basics

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


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: AUGUST 02, 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: JULY 21, 2022 | 1 MIN READ

Average Cost of Home Insurance
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: JULY 21, 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: JULY 21, 2022 | 2 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: JULY 21, 2022 | 2 MIN READ

What is Personal Property Insurance?
What is Personal Property Insurance?

When you buy home insurance, it’s mostly to cover the structure of the building. Usually, it also provides some level of property coverage too. However, if you have specific high-value items you want to ensure are covered, you may need to purchase additional personal property insurance. What is Personal Property Insurance Coverage? Personal property coverage […]

UPDATED: JULY 21, 2022 | 1 MIN READ

How to Find Affordable Home Insurance
How to Find Affordable Home Insurance

Whether you’re shopping for your first house or you’re already a property owner, it’s vital to know the ins and outs of home insurance. Not only does homeowners insurance cover your home and belongings, but it also offers protection from any legal bills for policy-covered accidents.  Much like auto insurance, your costs can vary depending […]

UPDATED: JULY 21, 2022 | 1 MIN READ

Choosing a Homeowner’s Insurance Deductible
Choosing a Homeowner’s Insurance Deductible

Your insurance deductible is the money you agree to pay before your insurance provider pays a claim. Choosing the right deductible for you is an important part of getting the best insurance policy value. This guide explains how to get the most affordability from your policy, choosing a good home insurance deductible, and the importance […]

UPDATED: JULY 21, 2022 | 1 MIN READ

Can Roommates Split Renters Insurance?
Can Roommates Split Renters Insurance?

Many companies allow you to add your roommate to your existing renter’s policy, but there are many things to consider. Here is a breakdown of how adding a roommate affects your renter’s insurance coverage.  Roommates and Renter’s Insurance Quicklinks What Does My Renter’s Insurance Policy Cover? Can I Add Roommates to my Renter’s Insurance Policy? […]

UPDATED: JULY 21, 2022 | 1 MIN READ

Why You Should Require Renter’s Insurance From Your Tenants
Why You Should Require Renter’s Insurance From Your Tenants

What is Renter’s Insurance? A renter’s insurance policy refers to a group of insurance coverages that are meant to help protect house and apartment renters in the case of unexpected events known as “covered perils”. These plans are usually three-pronged to protect your person, your belongings, and your living arrangements. These coverages are referred to […]

UPDATED: JULY 21, 2022 | 1 MIN READ