Homeowners insurance is great; however, it doesn’t cover everything. One of the things that homeowners insurance doesn’t cover is flood damage. Flood damage is not one of the named perils that homeowner’s insurance covers. In order to be covered for damage caused by a flood, you need to purchase a separate flood insurance policy.
Flood Insurance Is for Everyone
Some people wrongly believe that one can only purchase a flood insurance policy if one lives in a high-risk flood zone. Read More»
Need to purchase home insurance, but feeling confused about all the terms being thrown at you? Continue reading to learn what some of these commonly used terms mean.
Premium
A premium is what you pay to have a home insurance policy. It’s nothing more than a fancy way of telling you what you owe for the coverage period.
Deductible
The deductible is what you pay prior to insurance covering the rest of the repair bill. Read More»
Having insurance is a safety measure that can help you protect your finances when unforeseen circumstances arise. Most people have medical insurance and car insurance, but homeowners insurance can be just as important. For many people, a house or apartment is the most valuable item they own. That’s why it only makes sense to protect that investment. Here are some reasons to purchase homeowners insurance:
1. Secure a mortgage
Homeowners insurance is not a legal requirement, but some banks require prospective homeowners to secure this type of insurance before they will grant a mortgage. Read More»
When you have suffered property losses from a fire, storm, or accident, you might want to make the most lucrative insurance claim possible. You will want to recover most or all of the costs of your losses and meet with the least amount of resistance from the insurer.
However, the insurer may not want to take your word for what happened and rely more on the input of its own adjuster. Read More»
Have you been looking into a life insurance policy, and interested in what an indexed universal life policy is? It’s a different type of life insurance that gives you an account that you can borrow money from over your lifetime, which makes it an attractive option to some people. Still feel confused? If so, it will help to know the following information about it.
It Provides A Death Benefit
One of the most obvious benefits of an indexed universal life insurance policy is that it provides a death benefit. Read More»
