Posted by admin On October - 11 - 2008
Home insurance, also commonly called hazard insurance or homeowners insurance (often abbreviated in the real estate industry as HOI), is the type of property insurance that covers private homes. It is an insurance policy that combines various personal insurance protections, which can include losses occurring to one’s home, its contents, loss of its use (additional living expenses), or loss of other personal possessions of the homeowner, as well as liability insurance for accidents that may happen at the home. Read the rest of this entry »
Posted by admin On October - 11 - 2008
One very important consideration when you build your own home is purchasing builders risk insurance to insure your property, and shield yourself from personal liability.
The best piece of advice I can give you is consult with your insurance agent and make sure you have coverage that is suitable for your needs.
Your agent may, or may not handle Builders Risk Insurance. Do some research and find at least three sources, and pick the best coverage for your needs and your budget. You need to find a local agent that is familiar with your area. As I am sure you already know, rates and policies are different for each area on any insurance. Read the rest of this entry »
