Medicare can be complicated. Explore our guides to basic coverage, supplement plans, Medicare Advantage, and more.
Pet Insurance can be complicated. Explore our guides to basic coverage, end-of-life plans, chronic health conditions, and more.
Generally speaking, homeowners insurance provides overall coverage for the structure of your home. A basic policy offers coverage for damages to your home and belongings inside it for events like fires, storms, explosions, etc. There are different types of homeowners insurance policies that provide more comprehensive coverage for a wider range of events.
When you rent an apartment or home, renters insurance helps protect you financially in the event of damage or loss of your personal property. Renters insurance also covers the liability of another individual getting hurt in your rented home as well as the loss of your home due to covered circumstances.
There are various types of home insurance policies that each have their own nuances on what is or is not covered. We have a comprehensive guide to what these different policies are so you can make the best decision for your needs.
Generally speaking, homeowners insurance provides overall coverage for the structure of your home. A basic policy offers coverage for damages to your home and belongings inside it for events like fires, storms, explosions, etc. There are different types of homeowners insurance policies that provide more comprehensive coverage for a wider range of events.
Technically, no. You are not legally required to have homeowners insurance however, if you have a mortgage on your home then your lender will most likely require you to have some homeowners insurance coverage in order to be approved for the loan.
A calculation can be done to determine how much coverage you will need based on a few different factors that indicate how at-risk your home is to be damaged.
These factors include location and weather, the value and type of personal property that you keep within your home as well as potential liability risks within your home such as pools, etc.
There are a number of ways to reduce the cost of your homeowners insurance but the first thing you can do is to shop around and compare for the best price. Policy Scout experts can help you get the right plan in the budget that works for you.