Guide to Hazard Insurance for Homeowners
When you take out a home loan, the mortgage lender will require that you have hazard insurance. This isn’t the same thing as mortgage insurance. Hazard insurance protects you, while also protecting ...
Is Home Replacement Cost the Same as Market Value?
You buy home insurance to protect your home should a disaster occur and you need to rebuild it. But how do you know how much to insure it for? Sure, you know the value of your home, but that’s today. ...
Role of an Home Insurance Adjuster
The home insurance adjuster is the insurance company’s representative when you have an insurance claim. They work on behalf of the insurance company to determine the validity of the claim and to ...
What is Loss of Use Coverage For Home Insurance?
If your home burnt to the ground or the storm damage was severe enough that your home wasn’t livable, where would you go? Would you have the money to cover the costs to live elsewhere while still ...
Does Hazard Insurance Cover Hurricane Damage?
Hurricanes can cause all types of damage. Despite the fact that you have homeowner’s insurance, not all hurricane damage is covered by your standard policy. Understanding what might and might not be ...
Understanding the 80 Percent Rule for Homeowners Insurance
If you are unaware of the 80 percent rule in homeowner’s insurance, you may find yourself underinsured when it comes time to file a claim. The 80 percent rule requires homeowners to have replacement ...