homeowner insurance: What You Must Know About Insurance When Buying a Home
- 01/08/15 10:54 PM
What You Must Know About Insurance When Buying a Home In #WinchesterVA Purchasing a home involves getting to know a lot of financial terms and processes that most first-time homebuyers have never been exposed to. One of the most confusing is insurance. If you've never owned a home before, your familiarity with insurance most likely centers around auto insurance, health insurance, life insurance and, perhaps, renter's insurance. Even then, your level of familiarity may be minimal, if you are like most Americans. In fact, a mere 14 percent of those who have health insurance understand even the most basic insurance jargon, (2 comments)
Understanding Your Homeowner's Insurance ...before it may be too late. For nearly all consumers, owning a home represents a large investment. But suppose your home is vandalized or damaged by a storm? Weather related damage has happen twice to me personally. Having insurance can protect you from such unpredictable losses. When purchasing insurance, it is important to READ YOUR POLICY. Your policy is the contract between you (the insured) and your insurance company. The time to learn about your coverage and conditions is not after you have suffered a loss but before, while you have the opportunity to discuss the policy (0 comments)
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