Proper vs. Adequate Homeowners Insurance

If you own a home, you need to have homeowner’s (sometimes referred to as hazard) insurance.  If you have a mortgage on your home, it’s impossible to not have at least adequate coverage; otherwise your mortgager won’t give you a dime towards the purchase of your home. Most lenders require that you buy a year’s policy ahead of time before closing.

How to Get the Best Price on Your Homeowners Insurance Policy

When you own your own home, it seems like bills are constantly coming in and going out of your mailbox, so you probably want to save as much cash as possible on manageable household expenses.  For example, the price you pay for your homeowner’s insurance policy can vary by hundreds of dollars each year, depending quite a bit on the insurance company you choose for coverage. In order to assist you in getting the best price on your homeowner’s insurance policy, we’ve come up with the simplest (and best) 3 tips to get you the best coverage for your dollar:

When NOT to File a Claim Against your Homeowner’s Policy

You’ve probably heard some horror stories about someone making a claim against their homeowners or auto insurance policy only to have their rates go up. But did you know that some claims (or too many small claims) could cost you your policy altogether?

Top 3 Signs You Need a New Homeowners Insurance Company

Nobody likes to pay insurance premiums, but if you own your own home, there’s really no way of getting around it.  Could you even imagine what would happen to you and your family if your house was destroyed and you didn’t have coverage?  All of your possessions (not to mention the roof over your head) are all gone forever. An insurance policy from a quality company offers you piece of mind in a time of need.

The Best Insurance Companies for Your Home- The Stats vs. the Promises

In 1992, 9 insurance companies went belly-up after Hurricane Andrew caused irreparable damages to their financial status.  More than 23,000 hard-working, premium-paying customers had to wait over 6 months for their claim check from their applicable state guarantee fund (the insurance company of the insurance companies).  You really want to take every possible precaution do that this scenario doesn’t happen to you.