Do Your Home Insurance Homework
Posted by Chris Penny on
When you purchase a new home, you will typically need to purchase a homeowner's insurance policy. Mortgage lenders require you to purchase home insurance as a requirement with your loan, and you'll need to maintain minimum coverage for the life of your loan. Even if you own your home free and clear, you'll want to maintain a home insurance policy. This is coverage that can be used to repair or replace your home in the event it is damaged or completely destroyed. Before you make your purchase, you should do your homework to ensure that a) you get the best deal on your coverage and b) you buy a policy that is best suited for your needs.
Understand Your Options
There are many options to consider when you purchase homeowner's insurance. For example,…
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