The Basic Homeowners Policy HO-1

The Basic Homeowners Policy HO-1

An HO-1 basic home insurance policy is considered the base policy upon which all other home policies are written. It is however not necessarily a stand-alone policy that you can purchase. Most companies have stopped issuing just an HO-1 policy. The companies have found that the HO-1 policy doesn’t meet the needs of homeowner’s claims […]

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Home Insurance Rates Increase

Home Insurance Rates Increase

Home Insurance Rates Increase As Market Continues to DecreaseAs the housing market continues to decrease, home insurance premiums show no signs of decreasing anytime soon. One cause to blame is falling home values, because just as time passes for sellers waiting for the perfect buyer, the value of their home continues to drop along with […]

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How to Read a Home Insurance Policy

How to Read a Home Insurance Policy

The following is a simplified explanation of each section contained within Homeowners HO-3 and Dwelling Fire DP-3 policies. Homeowners’ policies typically cover primary residences and dwelling fire policies typically cover rented/investment properties and poor quality, high risk primary residences. Regarding covered losses for ANY insurance policy is best determined by reading the exclusion section of […]

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Landlords Insurance and Why You Need It?

Landlords Insurance and Why You Need It?

Landlords insurance is basically needed for the purposes of ensuring that property is adequately safeguarded. It eliminates worries associated with damages which might be caused on your property and ensures that the building, land and contents on which the property lies are safeguarded at all times. These come in different types and for this reason, […]

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