Homeowners Insurance: Everything You Need to Know Before You Buy

Buying a home is a big deal and a significant investment. For most of us, our house is our biggest expense. But, more importantly, our house is our home.

Issues vary from minor fixes to major problems. These major issues can keep some people up at night as they can get extremely costly; this is where homeowners insurance comes in.

At its core, homeowners insurance is an insurance policy that covers losses and damages to your home and assets in the house.

What Is Homeowners Insurance?

-Actual Cash Value -Replacement Cost -Guaranteed (or extended) Replacement Cost/Value

Three Types of Homeowners Insurance

Like most insurance policies, the policyholder pays a premium each month to maintain the policy. The premium paid each month can vary based on many factors.

How Much is Homeowners Insurance?

Like other insurance policies, homeowners insurance will cover the costs of making any repairs due to covered damages after the deductible has been paid.

How Does Home Owners Insurance Work?

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