Everything You Need to Know About Homeowners Insurance

Our homes are essential pieces of our lives, and if something were to happen to them, it would need to get fixed. Issues vary from minor fixes to major problems.

These major issues can keep some people up at night as they can get extremely costly; this is where homeowners insurance comes in.

What Is Homeowners Insurance?

A typical homeowners policy typical covers: - Damages to the exterior of a home - Damages to the interior of a home - Loss or damage to personal assets

- Actual Cash Value - Replacement Cost - Guaranteed (or extended) Replacement Cost/Value

Three Types of Homeowners Insurance

How Much is Homeowners Insurance?

Like most insurance policies, the policyholder pays a premium each month to maintain the policy. The premium paid each month can vary based on many factors.

How Does Home Owners Insurance Work?

Like other insurance policies, homeowners insurance will cover the costs of making any repairs due to covered damages after the deductible has been paid. 

How and When to Get Homeowners Insurance

You can obtain policies through the bank or lending institution itself, or homeowners may choose to get the policy independently.