You may choose to insure your property with a dwelling policy (the three major dwelling policies are commonly known as DP-1, DP-2, and DP-3). The major problem with a dwelling policy is that it does not automatically provide liability coverage, as homeowners insurance does. If you are trimming a tree on the property and a branch falls and damages a neighbor’s house, (more…)

Perhaps you already chose homeowners insurance coverage to protect your home from damage or even a financial loss in case of injury. Remember that insurance is a service and service only. And as with any other service out there, you should always analyze the insurance market value for money they spend. (more…)

Pay particular attention to issues involving liability. This coverage protects your assets against lawsuits. Review the liability limits of your insurance policies. In the past most of the personal liability risks you faced probably came in some degree from your business or work. For most people, homeowners insurance coverage offers their main protection from non-work related personal liability. As you spend more time away from work, (more…)

The homeowners policy is a complete package of property and liability coverages designed to cover the average residential and personal exposures of most individuals and families.

A policy may be issued to cover a premises used principally for private residential purposes (some incidental business occupancies, such as a studio or office, are permitted), and which contains no more than two family living units (single family homes and duplexes are eligible). (more…)

Are you a home owner looking for ways to save money? Well here’s a quick list of 10 ways you can lower your home insurance costs.

1) Consider raising your deductible. If you need to make a claim, the deductible is the amount you need to pay before your home insurance coverage starts paying. The amount you choose for a deductible affects your premium. You will pay less on your insurance bill with a higher deductible amount. Just be sure you can come up with the deductible in the event of a claim so you can get your repairs done. (more…)

Locating the correct home insurance coverage might not be particularly high on your list of financial priorities and, alongside such things as investment decisions and estate planning issues, questions about the language in your homeowners plan may seem barely worth considering. Even So, the more successful you become, the more complicated your asset-protection needs are going to be—and the more you have to lose. (more…)