Tag: Home Insurance

With so many apparent similarities between the two, hazard insurance and homeowners insurance are often mistaken for the same thing. Standard homeowners insurance policies include hazard coverage, but what about standalone hazard insurance? Here is a basic comparison of hazard insurance and homeowners insurance to help clarify the differences and similarities: Hazard insurance Hazard insurance protects you financially...

Hazard Coverage

Hazard Insurance

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Posted on 05/09/2021

Private Mortgage Insurance and Why It Is Required

Image by StartupStockPhotos from Pixabay In general, if you have less than 20 percent of a down payment for the house you want, you will have to pay private mortgage insurance (PMI). This insurance is a cost to you to protect the lender if you default on the loan. In most cases, it’s better to save the 20...

Home Insurance

PMI

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Posted on 12/20/2020

Is Homeowner’s Insurance Required?

You may know that when you buy a home, you should purchase homeowner’s insurance. You may have never wondered if the coverage is required. Usually, insurance will be taken out of escrow and a part of our monthly mortgage payment. You may pay a yearly premium separate from your mortgage payment. Home insurance is a nuisance so if you...

Home Insurance

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