Home > Tag Archives: flood insurance

Tag Archives: flood insurance

3 Things Homeowners Should Know About Homeowners Insurance

Homeowner's premiums and coverage options

This is a post from Tali Wee at Zillow.com. Enjoy! The process of buying a home is both exciting and detailed. Buyers must present their lenders with countless documents specifying their financial standing and reliability as borrowers. In addition to producing numerous documents, buyers must acquire homeowners insurance for the remainder of entire loan terms. Here are three important aspects of homeowners insurance that buyers and owners should understand. 1. Homeowners Insurance Is Required Lenders require borrowers to obtain homeowners insurance to ensure their investments are protected in case of unpredictable damages to properties or financial burdens to borrowers. As long as homeowners carry mortgages they are required to obtain basic policies. Buyers should shop around for the best insurance rates and personalized policies that suit their specific coverage needs. Most homeowners have highly-valuable belongings worth insuring. Buyers looking for discounts should contact their auto insurance providers for bundled insurance quotes. 2. Homeowners Insurance Protects More Than the Home Not only does homeowners insurance protect investments, it covers homeowners’ personal belongings, liability and protection against theft and natural disasters. Homeowners insurance can cover jewelry, clothing, furniture, bicycles, expensive equipment and other itemized possessions. Additionally, most homeowners insurance plans cover belongings ...

Read More »