Tag: Insurance

Posted on 12/12/2022

PITI, which is short for "principal, interest, taxes and insurance," is an essential term to know for anybody seeking a mortgage loan. The acronym refers to the relationship between these four numbers expressed in a ratio and can tell lenders about your financial status. Here is a breakdown of the term and why it matters to potential homeowners...

Insurance

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Posted on 11/14/2022

Hazard insurance: Understanding the basics

Hazard insurance and homeowners insurance are often mistaken for the same thing due to the similarities they share. While standard homeowners insurance policies include hazard coverage, standalone hazard insurance serves a different purpose. How do you know if you need hazard insurance? Here is a guide to help you understand the basics: Hazard insurance vs. homeowners insurance Hazard...

Hazard Coverage

Hazard Insurance

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Posted on 10/03/2022

Understanding insurance: Personal liability coverage

Personal liability coverage is included in standard home insurance policies. This type of coverage protects you financially against claims from injuries and damage to other people or property. To help explain how personal liability insurance works, here is a guide to the basics: What does personal liability insurance cover? Personal liability insurance is there to help you if...

Insurance

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Posted on 06/20/2022

Home Insurance for Renovations: What You Need to Know

If you own a home, then you have a home insurance policy. This policy is there to provide you with coverage in the event of something unexpected — such as significant damage from a storm or stolen property. If your home is damaged, you may be able to put some of your insurance claim toward upgrades and renovations,...

Home Improvement

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Posted on 04/11/2022

Do you need personal liability coverage?

Personal liability coverage is included in your homeowners insurance policy, but also available to purchase separately. Having additional liability coverage can help protect you financially from any claims made against you for injury or damages. However, it can be difficult to determine whether you actually need additional liability coverage. Here are some things to consider if you’re thinking...

Insurance

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Posted on 04/04/2022

Explaining loss of use coverage

Loss of use coverage is part of every standard homeowners insurance policy. While other portions of the policy help pay for repairing your home if it’s severely damaged, loss of use coverage is there for your everyday living expenses while the work is done. Unfortunately, major home repairs can’t happen overnight, and simultaneously your expenses can increase dramatically....

Additional Living Expenses

Homeowners Insurance

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