A standard homeowners insurance covers four primary areas that hold the most value and present the highest risk. This policy is used to secure your investment against most types of loss. If you experience a loss in one of these areas, you must file a claim to be adequately reimbursed. This prevents you from having to pay for any significant expenses out of your own pocket. With the right homeowners’ policy, you can rest easy that most of your expenses will be covered.
Buying homeowners insurance can be expensive, but it is important if you need to pay mortgage loans. The insurance rates may vary depending on whether your home is labeled as high-risk. Numerous factors play a role in your home being labeled high-risk.
Here are the factors that may label your house as high-risk:
If your home is near or in a disaster-prone area or your neighborhood has a high crime rate, it can be labeled high-risk.
If the home holds a history of […]
Condos are clearly different from houses but how is condo insurance different from homeowners insurance?
A condo is different than a home or apartment in that, with a condo, you own the part of the building that you call home, but not all of it. Condo insurance is different from homeowners insurance, too. There are similarities as to what is covered, but there are differences in how it is covered. Condominium insurance is typically covered by two policies. One of the policies is held by your condo association, and the other policy is held by all […]
Mold is a dangerous substance that can grow inside your home. Make sure to protect your home with these tips.
There are over 100,000 species of mold worldwide. Mold serves as Earth’s decomposers, turning dead organic matter back into its simple building blocks to be used as nutrition by simple life-forms, refueling the entire food-chain. While mold is crucial for the sustainability of life on earth, it can be dangerous if it grows inside of your home. Here are a few tips on how to protect your home against mold.