Most of us learn about floods on the news. Some homeowners learn the hard way when their home and/or neighborhood experiences a flood due to a hurricane, river or similar natural disaster. This isn't when you want to learn that your homeowner insurance policy doesn't cover flooding. Now is the time …
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Homeowner Insurance Inspections Because …
When you buy a house, your lenders want proof of insurance, along with an appraisal supporting the purchase price. Lenders don't require a home inspection and your homeowner insurance company doesn't either. So when do insurance inspections happen? When a visitor to this blog told me her …
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Condo Insurance: Facts You Need to Understand
With the cost of new home construction going up, more condominiums are being built with shared land that makes homes more affordable. Are you're buying your first home or first condominium? You'll want to learn more about the condo insurance you're buying to make sure you've got the right coverage …
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What Homeowner Insurance Do You Have? and Need?
Most of us take homeowner insurance for granted. When we finance a house, the mortgage holder requires insurance. We often assume any national insurance company is trustworthy, without realizing their coverage can be quite different. Have you read your policy? Do you really know what your homeowner …
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Why You Can’t Trust Home Warranty Companies
The concept behind home warranty companies makes sense when you're buying a new house. With a down payment, closing costs and moving expenses, the last thing you can afford is a major home repair like a new HVAC system. That's why we asked the sellers to provide a home warranty when we bought our …
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The Right Way to Buy Homeowners Insurance
We know we need homeowner insurance because lenders require it to get a mortgage, and who wouldn't want to protect the investment they've made in a house. But we tend to pick an insurance agent or company, and put the annual policy renewal on autopilot. It doesn't feel any different …
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