Tag: Homeowners Insurance

Umbrella insurance, sometimes called personal liability insurance, offers coverage beyond the limits of your other policies. It can help cover the financial gaps and protect your savings and assets in the event you’re liable for damages. Umbrella insurance is not required, but many choose to purchase a policy for greater peace of mind in answering some of life’s...

Homeowners Insurance

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Posted on 05/22/2022

The Major Costs of Flipping a House

For many, flipping homes is lucrative. However, there are many costs associated with flipping a property, and it’s important to budget carefully for every detail. Here are the major costs to consider when determining how much funding you’ll need for a flip: Down Payments Just like buying a move-in ready house, buying a house you intend to flip...

Down Payment

Financing

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Posted on 05/15/2022

Does home insurance cover water damage? 3 Things to remember

Homeowners often wonder, “Does home insurance cover water damage?” Water damage comes in many forms and from many sources, but your standard homeowners insurance policy may not provide coverage for every type. To help you better understand the limits of your homeowners insurance, here is a basic guide to the types of water damage your policy won’t cover:...

Flood Insurance

Home Insurance

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Posted on 05/08/2022

Water damage covered by home insurance: What every homeowner should know

A common question homeowners have about their insurance is, “does home insurance cover water damage?” Among the myriad natural perils your home can face over the course of its life, water damage is one of the most varied. With all the different causes of water damage, it’s important to know which types require an additional insurance policy. To...

Flood Damage

Flooding

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Posted on 07/19/2020

Homeowners' Insurance: What Leads to Your Cost

Photo by Designer491 via Shutterstock If you’re new to homeownership, one of your first expenses is homeowner’s insurance. Not to be confused with mortgage insurance, your homeowner policy protects you in the event of a catastrophe. Factors that Impact the Cost of Home Insurance The cost of your home is only one factor in an extensive list of...

Housing Costs

Homeowners Insurance