The Basics of Home Insurance and Frequently Used Terms

The Basics of Home Insurance and Frequently Used Terms Homeowners insurance is sometimes called home insurance or hazard insurance, but each of those terms refers to insurance that covers homes and the contents inside. Home insurance is considered a policy with multiple lines because it covers both property and liability. The premiums (payments) made to… Continue reading The Basics of Home Insurance and Frequently Used Terms

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6 Myths About Flood Insurance

6 Myths About Flood Insurance Whether or not insurance will cover flood damage depends on how much water damage there is, your home’s value, and if you have a policy with flood insurance. Standard home insurance policies don’t include flood coverage, so you will need an additional policy that is offered by the National Flood… Continue reading 6 Myths About Flood Insurance

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What Are the Pros and Cons of Lender-Paid Mortgage Insurance (LPMI)?

What Are the Pros and Cons of Lender-Paid Mortgage Insurance (LPMI)? Mortgage insurance is usually required by lenders if the borrower can’t put down at least 20% as a down payment when purchasing the home. Mortgage insurance does not benefit the borrower in any way. Instead, it is what protects the lender and repays them… Continue reading What Are the Pros and Cons of Lender-Paid Mortgage Insurance (LPMI)?

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