Insurance Advice | InsuranceAdvice.com » Homeowners

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...

Top Tips for Filing a Homeowners Insurance Claim

Walter Edelstein — Mon, 14 Mar 2011 15:47:28 +0000

Having the right homeowners insurance policy can provide you the relief and support you want in your time of need. Knowing what to do with that policy once it has been secured can be the real challenge. The trouble for most people comes when it is time to use that insurance policy. Knowing the top tips for filing an insurance claim can help you avoid issues and get right to the financial relief you have paid for. If your property has sustained damage from fire, flooding, wind, water, mold, theft, and any other disasters then you must be aware of how...

What Insurance Do You Really Need?

Walter Edelstein — Wed, 01 Dec 2010 16:13:44 +0000

One of the first things any reputable financial planner will tell you is to make sure that you have adequate insurance coverage. Whether we’re talking about your health insurance, automobile insurance life insurance or homeowners’ insurance, any single accident or unexpected illness or catastrophe can do more to destroy your financial future than just about anything else. You should review your overall insurance situation on an annual basis. It’s all about making the best choices from the options that you have available. To do this, you first need to evaluate your individual situation and honestly assess your needs. Here is...

Check Your Homeowners’ Insurance for Catastrophic Coverage

Walter Edelstein — Wed, 10 Nov 2010 15:45:31 +0000

We’ve seen a number of destructive weather events happen in different parts of the country over the past few years – hurricanes, flooding due to rivers overflowing their banks, and drought-like weather leading to forest fires and grass fires. The damage that these kinds of natural disasters and weather events can do to homes and other properties is of often devastating. Flooding and wildfires in particular can destroy not only one person’s home, but entire neighborhoods or towns as well. It would be easy to assume that all types of destruction that might happen to your house are covered by your...

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...

Homeowners Insurance Basics

Mon, 16 Mar 2009 16:08:30 +0000

Homeowners insurance is a term used for home contents and / or buildings. While it can’t replace what you have built up for many years in memories, it can help to replace your possessions if they are damaged or lost. Household insurance covers the majority of your belongings in the home up to a certain amount and this is stated at the outset of the policy for which you pay a monthly premium. The majority of standard homeowner insurance policies will cover any damage made from such as fire, theft, flooding and damage caused by storms. Accidental damage is usually...