You’ve been house hunting for months and you’ve finally found the perfect house. It’s a gorgeous four bedroom, three and a half bath colonial in a quaint neighborhood, and it’s the perfect price. You buy it and then you find out that it would cost you a ton of money to get homeowner’s insurance on [...]
When you purchase homeowner’s insurance of any variety, one important consideration is the addition of “riders.” Straight vanilla homeowner’s or renter’s insurance will protect your valuables if a covered “named peril” (defined in your agreement) destroys or damages jewelry or artwork with no ceiling limit. However, if your precious possessions are ever stolen, your insurance [...]
There are six types of homeowners insurance (HO-1, HO-2, HO-3, HO-4, HO-6, HO-8) and each one refers to a different type of homeowners insurance policy. The types differ by what they cover (named perils) and what they don’t, differ in price (obviously, since they differ in coverage), but what they cover is standardized by the [...]