Basics

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: DECEMBER 22, 2022

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: FEBRUARY 22, 2023

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: FEBRUARY 22, 2023

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: FEBRUARY 20, 2023

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: FEBRUARY 22, 2023

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: Remember that covered perils […]

UPDATED: FEBRUARY 22, 2023

You can use additional living expenses coverage, a type of insurance if your home is damaged and you need to relocate. The coverage pays for certain expenses not covered by the standard homeowners insurance, such as hotel and restaurant bills, storage fees, and temporary housing. This coverage is usually provided with standard homeowners insurance policies, […]

UPDATED: FEBRUARY 21, 2023

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: FEBRUARY 22, 2023

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: MARCH 07, 2023

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: DECEMBER 15, 2022