When you borrow money to buy a home lenders require you to purchase homeowners insurance to protect them and their investment.
Unfortunately, many homeowners do not completely understand the details of the type of coverage they need. Therefore purchasing blindly until further educated.
Here are some quick facts you should know about your homeowners coverage:
Not every type of damage is covered on homeowners
Your credit affects your interest rates, which could lead to a higher mortgage payment
There is a deadline for all claims
Some of your personal belongings in your home may not be covered under your current policy
There are different types of Homeowners insurance
If you aren’t sure what type of policy you have and what it covers... it might be time to call us!