Do you know what ‘liability’ is? Here’s an example: If you own a house, you might assume that somebody walking on your property, uninvited, couldn’t possibly sue you and get money from you or your homeowner’s insurance policy because they tripped and fell on your concrete walkway. However, you may very well be liable for…
Six out of 10 homeowners, when asked, are unable to actually point out all the basic components of their homeowner’s insurance policy. They assume they’re protected from fire, theft, flooding, natural disasters, and other potential threats. However, when they begin to look at the policy in more detail, they realize that they aren’t protected like…
Shopping around for a house can be exciting. If this is your first time, you probably have a lot of questions mixed in with all that excitement. Those questions are important to ask, whether it’s of your realtor, mortgage lender, or even an insurance broker. One of the most common stipulations of mortgage lenders is…
If you’ve taken out a mortgage to purchase your home or refinance it, the mortgage lender may very well require that you have some level of homeowner’s insurance. As a result, you want to save as much money as possible, but you don’t want to get caught unprotected. Here are three simple tips that can…
When you purchase a home, your mortgage lender is going to require that you carry homeowner’s insurance. Each financial institution has varying requirements with regard to what needs to be covered under the policy. You need to check with your insurance company to make sure the policy you’re considering getting is going to be adequate…
Depending on where you live, where you’re looking to buy a home, your history, and other factors, you could be looking at a significant payment every month just to protect your home. Most lenders require homeowner’s insurance, and depending on the lender itself, their expectations and requirements may be significant. When you’re talking about any…
Here are some tips that may help you save on homeowner’s insurance now and into the future. Tip #1: Bundle policies. If you have automobile insurance, supplemental health insurance, dental insurance, business insurance, and homeowner’s insurance, make sure you put them all together with the same company. Bundled policies often save people quite a bit…
For the first few years after you moved into your new home, you took an inventory of the rooms and how much you enjoy spending time in them. You also began working around the property to improve the curb appeal, lawn, shrubbery, and much more. During those first couple of years, you kept thinking about…
The winter can be harsh on your home. If there is a lot of snow and ice, melting and then refreezing, there could be a number of problems developing on or around your home. One of the most significant issues homeowners have during the winter, especially throughout Canada, are gutters that collected snow, it converts…
The moment you begin shopping around for homeowner’s insurance, there are a number of things you should know. First and foremost, it’s a good idea to make sure you go over your policy thoroughly to make sure it contains everything you will need. Even though you may not consider it important at the time, certain…