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Insurance Advice on Understanding a Home Insurance Policy

Walter Edelstein — Thu, 05 Apr 2012 15:55:53 +0000

We have a great deal of freedom to choose our own financial paths. We can decide how to invest or save – or even whether we invest or save – and how we spend the money we earn. But there are some areas of personal finance in which we are effectively required to participate or to buy certain services. Homeowners insurance is one of those areas. For those of us who have an outstanding mortgage on our homes, our mortgage lenders require us to have adequate homeowners insurance as a condition of borrowing. Since buying insurance in those circumstances...

How to Take a Personal Inventory for Your Home Insurance Policy

Walter Edelstein — Thu, 14 Apr 2011 17:21:42 +0000

When a disaster such as a fire, flood or theft strikes, your homeowners insurance is there to help you pick up the pieces and move on. It covers not only your home, but the contents of it. If you want to make sure you’re compensated for everything that was lost, you must keep a record of the things you own. Ideally, you should take a personal inventory before purchasing homeowners' insurance to make sure that you will have enough to cover everything. But if you didn’t do that, it’s not too late. Taking inventory now will allow you to purchase...

Home Insurance Coverage

Tue, 23 Feb 2010 00:17:20 +0000

Most homeowners insurance policies contain some coverages that you may not be aware of, but that may come in handy in the event of an emergency or catastrophe. Again, homeowners policies vary from company to company, and state to state. Different companies may call coverages by different names, however the general categories described below should be recognizable. The limits (maximum amount of coverage provided by the policy) covered can also vary. The amounts quoted below are averages. Read the fine print and/or speak to your insurance agent to confirm what coverages and limits are in your policy. Here is some...