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Showing posts with the label homeowners insurance

Proper insurance for your home can provide you a secure financial planning

Image via gettyimages Homeowner’s insurance policy is a very important part of worthwhile financial planning . Since our homes are most likely our biggest property, protecting ourselves with the right quantity of coverage is essential. However, most of us are not aware the correct method to calculate our requirement for house owners protection. Not only are the majority of us using the wrong method to determine how much homeowners coverage we require, few of all of us have recalculated the need since we purchased our home. If you have lived in your house for any period of time, you probably possess the wrong amount associated with coverage. Inflation could make a bug distinction.

U.S. Gun Law Changes: Why the Homeowners Insurance Industry is a Major Player

In light of recent tragic events there is a stronger than normal wind of change blowing through legislation and although they have no control over sanctions, home insurance companies can play a significant role and do actually have some leverage in how gun laws are drafted and policed. Here is a look at why the homeowner’s insurance industry is a major player.

What's the point in insurance?

Property insurance is one of those annoying, niggly costs that pops up when you least expect it. However annoying it is though, it's necessary - for many different reasons. Firstly, you need to consider what you would do if something happened to your property that you couldn't afford to fix - say a leak occurred, the bath falls through the living room ceiling or a fire breaks out in the kitchen? This could potentially damage your entire property, not to mention mean your tenant (if you have one) can't stay there for potentially days or weeks. How would you cover all of the associated costs? Most of us are not fortunate enough to have thousands stowed away just for this purpose, so having insurance will mean you don't have to panic when it comes to getting the repair men/women in, or paying for the rent your tenant is likely to refuse to pay given they have nowhere to stay.

Do you have a basic homeowners insurance policy ?

Last week I told you about home loan. But buying a sweet home is the most important & of course the most expensive deal. You purchase your home once in a lifetime. So why not be a little bit wise? As the name suggests, I'm talking about basic homeowners insurance. The fact is, lenders often ask you for a basic homeowners insurance policy while you get approved for your home loan. So it proves to be a "must" factor. While thinking of a new home why don't get it secured & protected?