The condominium form provides a limited type of dwelling coverage for owned structures which are not part of the residence, property that is the unit owner’s responsibility under a property owners agreement, real property items exclusive to the unit (such as awnings, patios, and exterior glass), and alterations, appliances, fixtures, and improvements which are part of the residence building. (more…)

Special mobile home owners policies are available that cover personal property and liability coverage exposures as well as offering coverage similar to automobile insurance: collision and comprehensive. Mobile home policies are not standardized, so they might include coverage for awnings, porches, air conditioners, and other equipment you add after purchase, or these might be considered additional coverages for which you will be charged a higher premium. (more…)

Insurance is a very common word in today’s world. There laws that require that in some of what we do, that insurance be involved. E.g Home insurance when getting a mortgage loan because no lender would want to have their collateral which is the home the financed left without adequate coverage.

Some have only taken home insurance because the mortgage financiers demand it meaning that were they (more…)

While finding home insurance can be a daunting process, it’s important to have enough home insurance to cover your belongings, and the house you love, in case of an accident.

Experts are warning that it’s important for homeowners to ensure that they have insurance to rebuild their home entirely in the same location. (more…)

Major natural disasters have caused catastrophic amounts of property loss in the United States and other parts of the world. In 2005, the damage caused by Hurricane Katrina resulted in $81.2 billion in damage cost, making it the most costliest natural disasters in the United Sates history. This event, causing most insurance companies to raise home property insurance premiums to cover their risk in surrounding area. (more…)

Before you sign for property insurance contracts there are several things like conditions, insuring agreement, exclusions, definitions and declarations that you must understand. In Declarations, you will find summary about important information that is not listed in other components of insurance policy, like the identity and name of the insured, length of policy, limit of insurance and how much premium charged. Bellow are 5 property insurance declarations (more…)