Posts from March 2nd, 2014

There are a lot of expenses that come with homeownership. Some of these expenses may appear to be useless but are actually very important, such as homeowners insurance. What the heck is it anyway and what is used for? This is your first lesson in Homeowners Insurance 101.

Homeowners insurance is essential. This insurance covers issues that happens to your home or belongings such as in the case of a natural disaster. This insurance is not required by law but in most cases mortgage lenders to require a policy in order to loan money to you for a home purchase.  Even the purchase of a condo may also require some sort of homeowners coverage. Homeowners can cover things such as an injury of a house guest at a dinner party or tornado damage.  There could be a lot of reasons that you would need it. 

There are different policies depending on what kind of home, including renters, mobile homes, and even older homes. It's important to point out that homeowners policies don't...

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