Home Insurance

Homeowners Insurance Guide: A Beginner’s Overview

Homeowners insurance (also known as home insurance) isn’t a luxury; it’s a necessity. That’s not just because it protects your home and possessions against damage or theft. Virtually all mortgage companies require borrowers to have insurance coverage for the full or fair value of a property (usually the purchase price) and won’t make a loan or finance a residential real estate transaction without proof of it.

How is your home insurance premium calculated?

What determines the cost of a home insurance premium, and are there ways to keep it down? Learn about the factors that insurers take into account when pricing a home insurance policy.