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How to get the right coverage for homeowners insurance?
Asked by unknown
1 Answers
There are no state-mandated requirements for homeowners coverage (as there are for auto insurance in most states), and a mortgage lender may only require you to insure for 80 percent of the replacement value of your home. But being underinsured could leave you on the hook for a significant sum, especially if you need to completely rebuild. Buying t
What are the major reasons to buy homeowners insurance?
Asked by unknown
1 Answers
There are three major reasons to buy homeowners insurance:1. To provide property coverage: Homeowners insurance covers the physical structure of your home and your personal property if it gets damaged or destroyed.2. To provide liability coverage: If someone who isnt covered under your policy is injured or killed, or their property is damaged or de
How homeowner insurers determine your premium?
Asked by unknown
1 Answers
Many factors affect the underwriting process, which determines the premiums you pay. Different insurance companies charge different premiums for similar coverage. Decisions you make about how much insurance coverage to buy also affect your premium. Some of the other things that are likely to affect your premium include: A. The cost to rebuild your