Home Insurance
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A rider is a separate insurance policy that supplements your home insurance, for an additional cost. It insures special types of property—such as jewelry, collectibles or firearms—that … more -
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If you own a rental property, you need a type of home insurance that protects you as the landlord. It covers the structure, gives you liability protection and should cover any personal belongings you … more -
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You can choose either actual cash value or replacement cost coverage under home insurance for your personal belongings. Cash value coverage gives you a payout for what an item was worth before the … more -
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If your home is destroyed due to a covered event, your insurance company must pay to fully replace or rebuild it without any deduction for depreciation. more -
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Many insurance companies offer discounts to homeowners who have updated home features, such as new wiring, impact-resistant roofing and security systems. Additionally, you may be able to save money … more -
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No, you can’t deduct the cost of homeowners insurance from your taxable income. more -
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How much home insurance you need depends on these primary factors:the estimated cost to rebuild your home if it were completely destroyed by a covered event, such as a fire or natural disaster … more
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Unlike a car, you can own a home without purchasing homeowners insurance. However, if you have a mortgage, your lender will require that you have some amount of home coverage to protect it from … more -
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Federal disaster assistance is generally given as a low-interest loan to help cover flood damage. These loans must be repaid and may only be available when an area is formally declared as a disaster … more -
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Flood damage can still happen in moderate- or even low-risk flood zones. According to the National Flood Insurance Program, 25% of all flood claims come from residents who live outside of high-risk … more -
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No, flood damage is not covered by a standard homeowners or renters insurance policy. You must purchase flood insurance separately. more -
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There are 2 types of renters policies: cash value and replacement cost. A cash value policy pays to replace your property, minus a deduction for depreciation, up to the limit of your policy. A … more -
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A standard renters insurance policy probably costs much less than you think. The national average cost per year is less than $200, or about $15 per month. more -
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In general, you don’t have to provide original receipts for stolen property. However, you do need to create an itemized list that describes each item in detail, gives the purchase price or … more -
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Renters insurance pays to replace your damaged possessions up to the limit of your policy, minus your deductible. For instance, if you have a $10,000 policy and a $500 deductible, the maximum payment … more
