Home insurance breaks down into two distinct types: buildings insurance and contents insurance.
You can buy a single policy that covers you for both, but it's best to treat them as two separate policies: the cheapest insurer on the house might not be the cheapest for the contents. |
Home Insurance information
Homeowners is one of the most popular forms of personal insurance on the market. The typical homeowners policy has two main sections: Section I covers your property, and Section II provides personal liability coverage (to cover you in case of lawsuits arising from things that happen on your property).
A condominium combines the convenience of apartment living with the investment advantage of ownership. This form of ownership may create some unique insurance challenges.
Renters insurance is designed for anyone who rents a home, be it a house or an apartment. You may not own the place where you live, but you still need insurance protection.
Home safety is often overlooked: people feel secure enough in their homes that they often neglect basic accident prevention. Unfortunately accidents happen with amazing regularity in the home, especially in homes where children or the elderly reside. Taking steps towards fire safety, gun safety and general home safety can prevent accidents before they happen.
Looking at new homes can be fun, but it helps to know how much you can afford. When you've selected your new home, be sure to investigate your agent bank home mortgage loans. They also have a home equity line of credit for any future needs.
Set your price carefully -- too high and buyers may not consider it, too low and you're selling yourself short. Realtors often give a free home market analysis if you ask. This gives you idea of how your home compares financially with similar, recently sold homes in your area. The analysis may also include how much you might expect to earn after closing.